Zaggle Prepaid Ocean Services Limited has informed the Exchange about General Updates-Update on Acquisition of equity stake in Rivpe Technology Private Limited.
ZAGGLE · price
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Zaggle Prepaid Ocean Services Limited has completed the acquisition of a 100% equity stake in Rivpe Technology Private Limited (RTPL), buying all 67,813 equity shares at a face value of Rs. 10 each. With effect from March 30, 2026, RTPL has become a wholly owned subsidiary of Zaggle. As a result, Omnicash Fintech Private Limited (RTPL's existing wholly owned subsidiary) has now become a step-down wholly owned subsidiary of Zaggle. Additionally, Zaggle is in the process of acquiring Compulsory Convertible Preference Shares (CCPS) from existing CCPS holders under the Share Purchase Agreement dated December 5, 2025. This follows earlier intimations made on July 29, 2025 and December 4, 2025.
This is a positive development for shareholders as it expands Zaggle's group structure by adding a new wholly owned subsidiary and a step-down fintech subsidiary, potentially strengthening its fintech and prepaid payments ecosystem. The deal completion (versus cancellation or delay) signals execution capability, though the financial impact will depend on RTPL's contribution to consolidated revenue and profitability in upcoming quarters.