Shares of Zaggle Prepaid Ocean Services Ltd rose nearly 2% to Rs 354.65 in Monday’s session after the company announced the signing of two strategic agreements with IDFC First Bank.
According to the regulatory filings, Zaggle has entered into a SaaS Partnership Agreement, under which it will provide its SaaS-based platforms to IDFC First Bank’s corporate customers. This agreement commenced on September 26, 2025, and will remain in force until terminated by either party.
Additionally, a Referral Partnership Agreement has been signed for a period of three years, wherein Zaggle will facilitate access to IDFC First Bank’s forex solutions for its corporate clients. Both contracts are with a domestic entity, are not classified as related-party transactions, and neither the promoters nor the promoter group of Zaggle hold any interest in IDFC First Bank.
The announcement has boosted investor sentiment, with the stock moving higher despite broader market volatility. At the current level of Rs 354.65, Zaggle’s stock continues to hover close to recent highs, supported by fresh corporate developments.
