Zaggle to acquire assets from Dice Enterprises for ₹67.9 Cr
Zaggle Prepaid Ocean Services will acquire assets from Dice Enterprises for approximately ₹67.9 Crores plus taxes. The deal includes software, databases, contracts, and IP. Dice reported FY25 turnover of ₹10.85 Crores. The transaction is expected to enhance Zaggle's AI offerings and customer base. Completion is anticipated within 120 days.
The acquisition of assets for a significant amount (₹67.9 Crores) is expected to positively impact the company's business expansion and product capabilities.
The company is acquiring assets that will enhance its product offerings and customer base, indicating a positive strategic move.
Zaggle Prepaid Ocean Services Limited announced a modification to its acquisition plan for Dice Enterprises Private Limited. Instead of acquiring the entire shareholding, the company will now purchase assets from Dice, including software, databases, contracts, intellectual property, and domain names in the Spend Management space. The consideration for this asset purchase is approximately ₹67.9 Crores plus applicable taxes.
The Board of Directors approved this revised deal structure during a meeting held on May 8, 2026. The transaction is subject to the fulfillment of closing actions outlined in the respective Asset Purchase Agreements.
Dice Enterprises Private Limited reported a turnover of ₹10.85 Crores for the Financial Year 2024-25. The company was incorporated on January 12, 2018, and has its presence solely in India. The acquisition is expected to expand Zaggle's AI-enabled product offerings, provide access to a larger customer base, and open up opportunities for global solutions. The transaction is expected to be completed within 120 days from the Board's approval, subject to closing actions. This is a cash consideration transaction and does not involve the acquisition of shares.
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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.