Zaggle Prepaid board approves fund raise of ₹60 crore via warrants issue

Zaggle Prepaid on Friday, October 3, said its board of directors has approved the raising of funds worth nearly ₹60 crore via a warrants issue.

The company said it will issue up to 10.58 lakh warrants for cash at a price of ₹567 per warrant, which aggregates up to ₹59.99 crore to the promoter group and non-promoter on a preferential basis.

The company said each warrant is convertible into one fully paid-up equity share of the company of face value ₹1 each,

It said the relevant date for the same was October 1, 2025.

Last week, Zaggle Prepaid raised its organic growth guidance to 40-45% from its previous projection of 30-35%.

Avinash Godkhindi, MD and CEO of Zaggle Prepaid, had also told CNBC-TV18 that the firm expected margins to remain steady at 10-11% for the year, in line with its earlier commitment.

Zaggle Prepaid shares ended the previous session 2.04% up at ₹347.1 apiece. The stock has declined 36.3% this year, so far.

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