Zaggle Prepaid Ocean Services Limited has informed the Exchange about General Updates -The Board of Directors of the Company in its Board meeting held today i.e. September 29, 2025 has approved Investment and Acquisition of Stake in Greenedge Enterprises Private Limited
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Zaggle's board has approved acquiring 100% stake (1,30,000 equity shares) in Greenedge Enterprises for up to Rs. 25 Crores via cash, along with an additional investment of up to Rs. 25 Crores, taking total outflow to Rs. 50 Crores. Greenedge operates in loyalty experiences and rewards focused on golf-based corporate engagement, with a turnover of Rs. 19.82 Crores in FY24, up from Rs. 7.28 Crores in FY22, showing strong revenue growth. The deal is not a related party transaction, requires no regulatory approvals, and is expected to close within 45 days. The acquisition strengthens Zaggle's Propel platform by adding golf travel, experiences, and RuPay card-based rewards capabilities.
This is a strategic, all-cash tuck-in acquisition in a niche, growing segment that complements Zaggle's core prepaid and loyalty offerings. Shareholders should view it positively given Greenedge's 3x revenue growth in 3 years, but watch for execution risks and integration costs given the Rs. 50 Crore total commitment.