Archive · 3 Oct 2025
Zaggle to Raise ₹60 Cr via Warrants; Shares Increase
Zaggle, a financial tech company, is raising money by issuing warrants.
Warrants allow investors to buy shares later at a set price.
The company is issuing about 10.58 lakh warrants at ₹567 each, aiming to raise roughly ₹60 crore.
This money will come from investors like RAN Ventures and Bennett Coleman and Company.
On the same day the announcement was made, Zaggle's shares went up nearly 2%.
Over the past five years, the stock has provided high returns.
Zaggle's shares have lost value this year and last month, but the company is still showing positive financial trends.
The company's market capitalization is at ₹4,659.29 crore as of Friday, 3 October 2025.
Zaggle Prepaid approved a fundraise of approximately ₹60 crore through a warrant issue.
The warrants will be issued to RAN Ventures Pvt Ltd and Bennett Coleman and Company Ltd.
Each warrant is priced at ₹567.
Shares of Zaggle Prepaid closed 1.91% higher on the Bombay Stock Exchange.
The company's market capitalization is at ₹4,659.29 crore.
- Who
- Zaggle Prepaid Ocean Services Limited
- What
- Approved raising approximately ₹60 crore via warrant issue
- When
- Friday, 3 October 2025
- Where
- Filed on the Bombay Stock Exchange
- Why
- Not explicitly stated, implied for investment
- Company
- Zaggle Prepaid Ocean Services Limited
- Action
- Approved ₹60 Cr Fundraise via Warrant Issue
- Warrant Issue Price
- ₹567 per warrant
- Warrant Allotment
- 10,58,201 warrants
- Investors
- RAN Ventures Pvt Ltd, Bennett Coleman and Company Ltd
- Share Price at Close
- ₹347.05 (1.91% increase)
- Market Cap
- ₹4,659.29 crore
