S&R Associates Advised Zaggle Prepaid Ocean Services On ₹5.95 Billion QIP
S&R Associates Advised Zaggle Prepaid Ocean Services On ₹5.95 Billion QIP
S&R Associates represented Zaggle Prepaid Ocean Services Limited, a leading software-as-a-service (SaaS) and fintech company, in its qualified institutions placement (QIP) of 11.37 million equity shares, raising INR 5.95 billion.
Zaggle Prepaid Ocean Services provides innovative SaaS solutions, including expense management, payment solutions, and rewards management software. Its services cater to diverse industries such as banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobiles.
The proceeds from the QIP are expected to support Zaggle’s strategic growth initiatives and further enhance its market presence.
The S&R Associates team advising on the transaction was led by Partner Jitesh Shahani and Counsel Shiv Bhargava, with support from Associates Ayushi Shrivastava, Bhavya Upadhyay, and Utkarsh Mani Tripathi.
