Zaggle Prepaid Ocean Services Ltd to acquire Rivpe Technology Pvt Ltd

Zaggle Prepaid Ocean Services Limited has agreed to acquire equity shares or equity-linked securities i.e. 100% shares capital and voting rights in Rivpe Technology Private Limited (Rio.Money) from the existing shareholders of Rio.Money for INR 22 Crores subject to execution of definitive agreements and completion of certain identified conditions precedent. In this regard, the Company has executed a non-binding term sheet on July 29, 2025.

The acquisition not only expands our product offerings for existing user and customer base, it also adds a deep expertise on the UPI and facilitates our entry into the consumer credit card market.

Shares of Zaggle Prepaid Ocean Services Limited was last trading in BSE at Rs. 396.00 as compared to the previous close of Rs. 369.30. The total number of shares traded during the day was 128510 in over 3475 trades.

The stock hit an intraday high of Rs. 398.00 and intraday low of 361.50. The net turnover during the day was Rs. 49241931.00.

Source : Equity Bulls

Keywords

ZagglePrepaidOceanServices INE07K301024 ITEnabledServices Acquisition RivpeTechnology RioMoney