Zaggle signs cobranding deal with Punjab National Bank for retail credit card

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ZAGGLE · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹213.60

prior close

₹216.05

announcement price

After-mkt

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Nifty Microcap 250market+0.8%+0.1% vs market

IT Enabled Services peers, median of 72sector+0.7%+0.2% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.2 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 72Pending

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AI summary

Zaggle has signed a 5-year agreement with Punjab National Bank to act as cobranding partner for a Cobranded Retail Credit Card. Zaggle will use its existing corporate customer base to drive acquisition, marketing and promotion. No monetary value disclosed. Domestic deal, not a related party transaction, no promoter interest.

Likely market impact

Positive development expanding Zaggle's cobranded card portfolio with a large public sector bank over 5 years.