Zaggle to acquire 100% of Rivpe Technology for up to Rs 97 Cr total

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

ZAGGLE · price

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Price reactionminutes from the announcement price · days from the prior close

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₹364.70

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.9% vs market

IT Enabled Services peers, median of 68sector-0.2%+0.6% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.6 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Zaggle Prepaid Ocean Services board has approved acquiring 100% of fintech company Rivpe Technology for up to Rs 22 Crores in cash. It will also invest up to Rs 75 Crores in Rivpe. Rivpe offers UPI payments and co-branded consumer credit cards, and will become a wholly owned subsidiary. The deal is not a related party transaction. Rivpe reported turnover of Rs 0.98 Cr in FY25. Completion expected in 120 days.

Likely market impact

Expands Zaggle into consumer credit cards and UPI, adding a new growth vertical through a wholly owned subsidiary. Total outflow up to Rs 97 Cr.