Zaggle Prepaid’s board of directors approves nearly £ 60 Crore fundraising via warrant issue; Shares closed 1.9% higher – details

Small-cap stock: Hyderabad-based Indian FinTech Solutions Provider Zaggle Prepaid Ocean Services’s board of directors announced on Friday, October 3, 2025, the firm approved by a warrant to a warrant and non-promoter shareholders, according to a scholarship. Zaggle Prepaid’s fundraising details Zaggle Prepaid’s Board of Directors approved the issue of up to 10.58.201 Shares Las Letters to two investors, namely Ran Ventures Private Limited (Promoter Group Firm), and Bennett Coleman and Company Limited (BCCL), a non-promoter group. According to the company’s BSE filing, the warrants will be issued to the investors at an expense price of £ 567 per warrant, which amounts to a compound amount of £ 59,99,99,967 crore. Each share order will be convertible into one fully paid up equity share of the company, with a face value of re 1 each. The board approved “the raising of funds by issuing up to 10.58.201 cash warrants at a price of £ 567/per warrant (including a premium of £ 566/- only) (warrant issue price), which is up to £ 59,99.967,” the company notified by its filing. Zaggle prepaid share price trend Zaggle Preaid shares closed 1.91% higher at £ 347.05 after Friday’s stock market, compared to £ 340.55 on the previous market. The company announced its results of the council meeting at the afternoon session of the Indian stock market. The shares of Zaggle Prepaid Ocean Services have given more than 119% returns on their investment over the past five years. However, the share has lost more than 22% in the past one year. On a year-on-date (YTD) base, the shares fell by 36.36% in 2025 and lost 13.31% over the past one month. The company’s shares trade 1.04% lower in the last five market sessions in the Indian stock market. According to the BSE data, Zaggle shares hit their 52-week high level at £ 597 on December 17, 2024, while the 52-week was low level on April 9, 2025. The company’s market cap (M-CAP) stood at £ 4,659.29 crore on Friday, October 3, 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.