Zaggle Prepaid Ocean Services Limited has informed the Exchange 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 has approved the acquisition of 100% of Rivpe Technology Private Limited on a fully diluted basis for up to Rs. 22 Crores, by purchasing 81,429 equity shares and 16,407 Compulsorily Convertible Preference Shares from existing shareholders, subject to a Share Purchase Agreement. In addition, Zaggle plans to invest up to Rs. 75 Crores in Rivpe in one or more tranches. The total committed outflow is therefore up to Rs. 97 Crores. The Board meeting was held on December 04, 2025.
This is a 100% acquisition plus follow-on investment, making Rivpe a wholly-owned subsidiary and expanding Zaggle's business footprint, though the cash deployment of up to Rs. 97 Crores is sizeable and may impact short-term liquidity.