Shares of Zaggle Prepaid Ocean Services Limited rose by nearly 4% following the announcement of a new agreement with Blue Star Ltd.
According to a filing with the exchange, Zaggle will provide Blue Star Ltd. with its “Zaggle Save” platform, which focuses on employee expense management and benefits. The agreement is for a one-year term and is part of Zaggle’s domestic operations.
The deal marks a significant step in Zaggle’s expansion, with the company set to deliver its expense management platform and employee benefits solutions to Blue Star Ltd.’s workforce. The nature of the contract is domestic, and there are no reported conflicts of interest between the promoter group and the awarding entity.
As of 9:30 am the shares were trading 3.52% higher at ₹360.00 on NSE.
