Zaggle Prepaid Ocean Services Ltd to invest in Span Across IT Solutions Pvt Ltd

The Board of Directors of Zaggle Prepaid Ocean Services Limited (Company) at its meeting held today i.e. Wednesday, September 25, 2024, has, approved the acquisition of 10,66,314 Equity Shares of face value of Rs. 10/- each at a price of Rs. 300.80/- per share (including a premium of Rs. 290.80/- per share) constituting 98.32% stake in Span Across IT Solutions Private Limited (Span Across) consequent to which Span Across will become a subsidiary of the Company, following the completion of the procedural requirements.

The proposed acquisition gives opportunity to enter new segment of employee related business. Span Across will become a subsidiary company with 98.32% stake and this will help in achieving inorganic growth which will benefit all the stakeholders associated with the Company including shareholders at large.

Span Across deals in online income tax return preparation services and development of software.

Shares of Zaggle Prepaid Ocean Services Limited was last trading in BSE at Rs. 431.90 as compared to the previous close of Rs. 443.15. The total number of shares traded during the day was 115663 in over 3422 trades.

The stock hit an intraday high of Rs. 444.90 and intraday low of 430.20. The net turnover during the day was Rs. 50297733.00.

Source : Equity Bulls

Keywords

ZagglePrepaidOceanServices INE07K301024 ITEnabledServices StakeAcquisition SpanAcrossITSolutions