Zaggle Prepaid Ocean Services Share Price Surges Over 2%; Enters Agreement with Bennett Coleman

Zaggle Prepaid Ocean Services Ltd has entered into an advertising agreement with Bennett Coleman and Company Limited (BCCL), according to a disclosure filed with stock exchanges on December 15, 2025.  

The agreement relates to advertising of Zaggle and its subsidiaries’ products, services, and brands through BCCL’s media platforms. 

Details of the Advertising Arrangement 

The company has not disclosed the duration, scope, or financial consideration of the advertising agreement. Zaggle stated that the agreement does not provide any special rights to BCCL, including rights to appoint directors or influence the company’s capital structure.  

Zaggle further disclosed that BCCL does not hold any shareholding in the company prior to the execution of the agreement. The transaction has been classified as a non-related party transaction, with no connection to the promoter or promoter group. 

Warrant Subscription Disclosed Separately 

In a separate filing, Zaggle informed exchanges that BCCL has entered into a warrant subscription agreement with the company. Under this arrangement, BCCL will subscribe to 7,05,467 warrants. Each warrant carries the right to subscribe to one equity share of face value ₹1.  

The issue price for each warrant has been fixed at ₹567, including a premium of ₹566. The aggregate value of the warrant issue is ₹39.99 crore. The warrants do not carry any rights other than the right to convert into equity shares on exercise. 

Governance and Disclosures 

Zaggle stated that no nominee director rights or other governance-related rights have been granted to BCCL under the warrant subscription or advertising agreements. The company also disclosed that there are no conflicts of interest arising from these arrangements.  

The company stated that additional disclosures would be made if there are any changes, amendments, or termination of the agreements. 

Zaggle Prepaid Ocean Services Share Price Performance 

As of December 16, 2025, 10:54 am, Zaggle Prepaid Ocean Services share price was trading at ₹355.15, a 2.56% increase from the previous closing price. 

Read More:  Zaggle Prepaid Ocean Services Signs 5-Year Deal with Mastercard to Offer Credit Cards and Other Solutions! 

Conclusion 

The filings outline an advertising agreement between Zaggle Prepaid Ocean and BCCL, alongside a separate warrant-based investment. The company has stated that both arrangements do not involve related parties or changes to governance structure. 

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