Zaggle Signs Agreement with Daimler India for Fleet Partner Card Program
Zaggle Prepaid Ocean Services Limited has entered into an agreement with Daimler India Commercial Vehicles Private Limited (DICV). The contract focuses on providing specific services related to fleet management and corporate credit facilities for DICV's partners.The partnership, finalized on July 27, 2026, mandates Zaggle to provide the Zatix & Corporate Credit Card Program to the Fleet partners of Daimler India Commercial Vehicles Private Limited. This agreement solidifies a relationship between the two companies, set for a period of three years.
Details regarding the contract specify that it is a domestic agreement between two domestic entities. The commercial consideration under this agreement is structured to be proportional, linking the value to the number of fleet partners and drivers onboarded by Zaggle, as well as the spends made at Authorized DICV touchpoints throughout the tenure of the agreement.
The relationship is not classified as a related party transaction, nor does the promoter group hold any interest in DICV.
Key details of the agreement are summarized below:
| Particulars | Detail |
|---|---|
| Contracting Entity | Daimler India Commercial Vehicles Private Limited (DICV) |
| Nature of Agreement | Providing the Zatix & Corporate Credit Card Program to DICV's Fleet partners |
| Time Period | 3 Years |
| Commercial Consideration | Proportional to the number of onboarded fleet partners and drivers, and spends at Authorized DICV touchpoints during the agreement tenure. |
ZAGGLE Stock Price Movement
Today, shares of Zaggle Prepaid Ocean Services Limited surged in the market, settling at ₹203.34 after gaining 1.92%. Throughout trading, the stock maintained a solid intraday range between the low of ₹201.5 and the high of ₹205.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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