Zaggle Shares Slip 4% After INR 2.6 Cr GST Penalty

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…