Announced Fri, 3 Apr · 20:18 IST

Zaggle Prepaid Ocean Services Limited has informed the Exchange about update on acquisition of Effiasoft Private Limited

Deal CancelledStrategic Transactions View source PDF

ZAGGLE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹234.69
prior close
₹230.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2-2.4-3.5-3.3-2.5+6.8+7.6+7.2+6.5+12.9+8.6+9.0-16.6-10.7
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AI summary

Zaggle Prepaid Ocean Services Limited has announced that its Board of Directors, meeting on April 3, 2026, has decided not to proceed with the proposed acquisition of 51% stake in Effiasoft Private Limited. The original acquisition proposal was disclosed earlier on March 27, 2025. The Board cited that it has 'reassessed the strategic need' for the acquisition as the reason for the decision. This means the company will not be expanding its operations through this particular acquisition route.

Likely market impact

The cancellation of this acquisition is a negative development as it represents a missed growth opportunity through inorganic expansion. Shareholders who anticipated synergies from the deal may be disappointed, though the impact may be limited since the deal had not been completed.