Zaggle Prepaid Ocean Services has announced its decision to not proceed with the acquisition of a 51% stake in Effiasoft Private Limited. This decision was made during a Board of Directors meeting held on April 3, 2026.
The company had previously intimated the National Stock Exchange of India and BSE Limited about the proposed acquisition via a letter dated March 27, 2025. The reassessment of the strategic need for the acquisition led to the decision to halt the process.
Zaggle’s Board of Directors evaluated the strategic implications and decided that proceeding with the acquisition was not in the company’s best interest at this time.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).