Announced Tue, 21 Jul · 13:20 IST
Zaggle to invest up to Rs 7.97 Cr in Unobanc for 19.9% stake
ZAGGLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹207.00
prior close
₹212.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.3-0.1+0.0-1.8-2.9-2.8-1.5-1.9—————
Up moveDown movePending
AI summary
Zaggle will invest up to Rs 7.97 Crore in Unobanc Private Limited for up to 19.9% equity stake in cash. Unobanc offers digital cross-border payments tech, holds an FFMC license, and has in-principal RBI approval for an AD Category II license. It is a wholly owned unit of Hop Financial Solutions. Not a related-party deal. Unobanc posted Rs 17.40 Cr turnover and Rs 1.37 Cr EBITDA in FY25. Move expands Zaggle's cross-border payments and forex business.
Likely market impact
Strategic move into cross-border payments; expands Zaggle's forex and remittance capabilities beyond India.