Zaggle Prepaid Ocean Services has completed the acquisition of a 100% equity stake in Rivpe Technology Private Limited, marking a significant expansion in its business operations. The transaction involved the purchase of 67,813 equity shares, each with a face value of ₹10, making Rivpe Technology a wholly owned subsidiary of Zaggle as of 30th March 2026.
This strategic acquisition also extends to Omnicash Fintech Private Limited, a wholly owned subsidiary of Rivpe Technology, which now becomes a step-down wholly owned subsidiary of Zaggle. The move aligns with Zaggle’s broader strategy to enhance its footprint in the technology sector.
In addition to acquiring the equity shares, Zaggle is in the process of acquiring Compulsory Convertible Preference Shares (CCPS) from existing holders. This acquisition is being executed under the terms of a Share Purchase Agreement dated 5th December 2025.
The acquisition is a part of Zaggle’s ongoing efforts to strengthen its market position and expand its service offerings. The company has been actively pursuing growth opportunities in the fintech and technology sectors, and this acquisition is expected to provide significant synergies and enhance its capabilities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).