Zaggle Prepaid Ocean Services Ltd announced its board’s approval for acquiring a 16.67% equity stake from the promoters of Mobileware Technologies Private Limited. The decision, finalized during a board meeting on February 7, 2025, highlights Zaggle’s strategic move to enhance its technological capabilities.
As per the official communication, the proposed acquisition will be completed within 90 days from the approval date, and no payment has been made as of now. This acquisition is in line with Zaggle’s growth-oriented plans to expand its service offerings by leveraging Mobileware’s expertise.
This acquisition could potentially strengthen Zaggle’s market positioning in the fintech and prepaid services sector, providing access to Mobileware’s technological infrastructure.
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