|
According to the regulatory filing, the agreement involves offering HDFC credit cards bundled with Zaggle software to corporate customers across various industries. The strategic alliance will be executed over a three-year period.
Zaggle Prepaid Ocean Services provides financial technology (fintech) products and services along with prepaid cards and has built a portfolio of software as a service (SaaS), including tax and payroll software, and a broad touchpoint reach.
The company’s consolidated net profit surged 167.3% to Rs 20.29 crore on 64.2% rise in net sales to Rs 302.56 crore in Q2 FY25 over Q2 FY24.
The scrip hit an all-time high of Rs 551.10 in intraday today.
Shares of HDFC Bank rose 0.73% to Rs 1,870 on the BSE.
|