Zaggle Shares Slip 4% After INR 2.6 Cr GST Penalty

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SUMMARY

The company in an exchange filing said that it received an order summary stating the penalty in relation to the assessment proceedings conducted for overriding commission for the financial year 2017-18

Zaggle is planning to challenge the penalty as it expects a favourable outcome at the appellate level and does not foresee any material financial impact

With a drop in its share price, its market capitalisation stood at INR 4,694 Cr at 10:40 AM

Shares of fintech SaaS major Zaggle slipped 4% to INR 346.10 during the…



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Zaggle Shares Slip 4% After INR 2.6 Cr GST Penalty


SUMMARY

The company in an exchange filing said that it received an order summary stating the penalty in relation to the assessment proceedings conducted for overriding commission for the financial year 2017-18

Zaggle is planning to challenge the penalty as it expects a favourable outcome at the appellate level and does not foresee any material financial impact

With a drop in its share price, its market capitalisation stood at INR 4,694 Cr at 10:40 AM

Shares of fintech SaaS major Zaggle slipped 4% to INR 346.10 during the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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