Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Update on acquisition of Dice Enterprises Private Limited

Zaggle has modified the deal structure for acquiring Dice Enterprises Private Limited. Instead of purchasing the entire shareholding, the company will now acquire specific assets including Software, Databases/Codebase, Contracts, Intellectual Property, and Domain Names in the Spend Management space for approximately Rs. 67.9 Crores plus applicable taxes. The transaction will be completed within 120 days subject to closing actions in the Asset Purchase Agreement. Dice Enterprises, incorporated in January 2018, reported a turnover of Rs. 10.85 Crores for FY 2024-25, up from Rs. 6.32 Crores in FY 2023-24. The acquisition is not a related party transaction and will be funded through cash. This asset purchase is expected to expand Zaggle's AI-enabled product offerings and customer base in India while opening global opportunities.