Zaggle Prepaid Ocean Services Ltd to acquire Rive Technology Pvt Ltd

The Board of Directors of Zaggle Prepaid Ocean Services Limited (Company) at its meeting held on December 04, 2025, has, approved the acquisition of 81,429 Equity Shares and 16,407 Compulsory Convertible Preference Shares for consideration upto Rs. 22 Crores from the existing shareholders of Rivpe Technology Private Limited (Rivpe) representing 100% of issued and paid-up capital of Rivpe on a fully diluted basis, subject to execution of Share Purchase Agreement (Acquisition).

The board also approved investment of upto Rs. 75 Crores, in one or more tranches, in Rivpe (Investment).

Upon completion of this acquisition, Rivpe will become a wholly owned subsidiary of the Company.

Shares of Zaggle Prepaid Ocean Services Limited was last trading in BSE at Rs. 351.70 as compared to the previous close of Rs. 365.70. The total number of shares traded during the day was 41091 in over 1541 trades.

The stock hit an intraday high of Rs. 367.30 and intraday low of 349.40. The net turnover during the day was Rs. 14638468.00.

Source : Equity Bulls

Keywords

ZagglePrepaidOceanServices INE07K301024 ITEnabledServices Acquisition RivpeTechnology