Zaggle to buy 100% in Rivpe Technology for up to Rs 22 Cr, invest Rs 75 Cr more

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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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's board approved acquiring 100% of Rivpe Technology, a fintech firm in UPI and consumer credit cards, for up to Rs 22 Cr in cash. It will also invest up to Rs 75 Cr in Rivpe in one or more tranches. Upon completion, Rivpe will become a wholly owned subsidiary. Rivpe's FY25 turnover was Rs 0.98 Cr versus Rs 0.13 Cr in FY24. The deal expands Zaggle's offerings into consumer credit cards and deepens its UPI expertise. Not a related party transaction. Completion targeted within 120 days.

Likely market impact

Expands Zaggle into consumer credit cards and UPI via a wholly owned subsidiary. Total cash outlay up to Rs 97 Cr for a small revenue-stage company.