Mumbai, Sept. 29 -- Shares of IDFC First Bank rose 1.28% to Rs 69.47 on the BSE.

Under the terms of the agreement, Zaggle will promote and refer IDFC First Bank's forex solutions as part of its service portfolio to its existing and potential corporate clientele. The partnership is aimed at enhancing Zaggle's value-added offerings while enabling IDFC First Bank to expand its footprint in the corporate forex services segment.

The agreement is valid for a period of three years, and both parties will collaborate to drive adoption of the bank's forex products through Zaggle's corporate network.

The awarding entity, IDFC First Bank, is a domestic company, and the transaction does not involve any related party considerations. Zaggle has confi...