Zaggle Prepaid Ocean Services Signs Three-Year Agreement with The Federal Bank Limited
Zaggle Prepaid Ocean Services Limited has entered into an agreement with The Federal Bank Limited for providing employee expense management and benefits services. The deal solidifies Zaggle's relationship with the financial institution, marking a significant contract renewal in the domestic market.The agreement outlines that Zaggle will provide the 'Zaggle Save' service, which specializes in employee expense management and benefits solutions, directly to The Federal Bank Limited.
Key details of the contract, which is structured as an Agreement, confirm the scope and duration of the partnership.
| Particulars | Detail |
|---|---|
| Entity Awarding Order | THE FEDERAL BANK LIMITED |
| Service Provided | Zaggle Save (Employee expense management & benefits) |
| Nature of Contract | Agreement |
| Market Scope | Domestic Entity |
| Contract Duration | 3 years |
The services provided under this agreement relate to Zaggle Prepaid Ocean Services Limited's core offerings in the expense management and benefits sector. The contract does not involve any reported interest from the promoter group or fall within related party transactions.
ZAGGLE Stock Price Movement
As of 12:10 PM, shares of Zaggle Prepaid Ocean Services Limited are shedding value, slipping 0.58% in live trading to currently trade at ₹262.61. The stock is seeing robust activity, with 378,189 shares changing hands throughout the session.Source:
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