Zaggle Prepaid Ocean Services Limited has informed that the Board of Directors of Zaggle Prepaid Ocean Services Limited (Company) at its meeting held today i.e. December 04, 2025, has, inter alia, approved the following business(es):1.Acquisition of 81,429 Equity Shares and 16,407 Compulsory Convertible Preference Shares for consideration upto Rs. 22 Crores from the existing shareholders of Rivpe Technology Private Limited (Rivpe) representing 100% of issued and paid-up capital of Rivpe on a fully diluted basis, subject to execution of Share Purchase Agreement (Acquisition).2.Investment of upto Rs. 75 Crores, in one or more tranches, in Rivpe (Investment).
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Zaggle Prepaid Ocean Services Limited's Board, at its meeting on December 4, 2025, approved acquiring 100% of Rivpe Technology Private Limited on a fully diluted basis for a consideration of up to Rs. 22 Crores through purchase of 81,429 equity shares and 16,407 compulsory convertible preference shares from existing shareholders. Additionally, the Board approved an investment of up to Rs. 75 Crores in Rivpe in one or more tranches. The acquisition is subject to execution of a Share Purchase Agreement. Combined potential outflow is around Rs. 97 Crores, indicating a sizable strategic move by Zaggle into Rivpe's business.
This is a significant capital deployment for Zaggle that could expand its business footprint, but it also ties up substantial cash. Shareholders should watch for execution risks, integration challenges, and whether the acquisition delivers the expected strategic and financial synergies.