Mumbai, Sept. 5 -- In an exchange filing, the company clarified that its promoters, promoter group, and related entities have no interest in the awarding authority. It also confirmed that the transaction does not qualify as a related party transaction under applicable regulatory norms.

Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and...