Zaggle Acquires 100% Stake in Rivpe Technology
Zaggle Prepaid Ocean Services Limited completed the acquisition of 16,407 Compulsory Convertible Preference Shares (CCPS) in Rivpe Technology Private Limited on June 11, 2026. This acquisition gives Zaggle a 100% stake in Rivpe Technology across both equity and CCPS.
The acquisition of a subsidiary is a significant corporate action that could impact the company's future performance and market position, warranting a medium impact.
The acquisition of a 100% stake in another company is generally a positive development, indicating strategic growth and consolidation for Zaggle.
Zaggle Prepaid Ocean Services Limited has announced the completion of its acquisition of 16,407 Compulsory Convertible Preference Shares (CCPS) of face value ₹20 each in Rivpe Technology Private Limited. This acquisition represents 100% of the CCPS stake in Rivpe Technology.
The transaction, which was completed on June 11, 2026, signifies that Zaggle now holds a 100% stake across both equity and CCPS in Rivpe Technology Private Limited. This update follows previous intimations regarding the acquisition made on July 29, 2025, December 04, 2025, and March 31, 2026.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.