New Delhi, March 28 -- Shares of Zaggle Prepaid Ocean Services, a SaaS fintech company, were locked at a 5% upper circuit for the second consecutive trading session on Friday, March 28, reaching Rs.361.85 apiece after the company approved the acquisition of a 45.33% stake in Effiasoft Private Limited (Effiasoft).

"The Board of Directors of Zaggle Prepaid Ocean Services Limited held a meeting today, i.e., Thursday, March 27, 2025, and, inter alia, approved the acquisition of a 45.33% stake in Effiasoft Private Limited (Effiasoft) from Mr. Koushik Shee and Mr. Akula Krishna Rao, existing shareholders, for a consideration of Rs.36.72 crore," the company said in Thursday's regulatory filing.

Further, the Board also considered a proposal to ...