Zaggle to Invest ₹7.97 Crore for 19.9% Stake in Unobanc
Zaggle Prepaid Ocean Services Limited will invest up to ₹7.97 Crores for a 19.9% stake in Unobanc Private Limited. Unobanc provides tech infrastructure for digital cross-border payments and remittances. The investment, expected within 90 days, aims to bolster Zaggle's forex and remittance services.
The investment of ₹7.97 Crores represents a significant strategic expansion into the cross-border payments sector, which could have a material impact on Zaggle's future business operations and market position.
The investment in Unobanc Private Limited is expected to strengthen Zaggle's cross-border payment and remittance services, indicating a positive strategic move for the company's growth.
Zaggle Prepaid Ocean Services Limited announced today, July 21, 2026, that its Board of Directors has approved an investment of up to ₹7.97 Crores in Unobanc Private Limited. This investment will be made in one or more tranches, and upon completion, Zaggle will hold up to 19.9% of Unobanc's Equity Share Capital, subject to definitive agreements.
Unobanc Private Limited specializes in providing tech infrastructure for digital cross-border payments and remittances in India. It holds a Fully Fledged Money Changing (FFMC) license and has received in-principal approval from the Reserve Bank of India for an Authorised Dealer Category II license. The company's last audited financials show a turnover of ₹14.40 Crores in FY 2022-23, ₹15.63 Crores in FY 2023-24, and ₹17.40 Crores in FY 2024-25, with EBITDA figures of ₹0.76 Crores, ₹0.05 Crores, and ₹1.37 Crores for the respective periods.
This strategic investment aims to strengthen Zaggle's cross-border payments, forex, and remittances capabilities, enhancing its ability to offer forex financial solutions to both corporate and retail customers beyond Indian borders. The investment does not involve related party transactions, and the promoter group has no interest in Unobanc. The acquisition is expected to be completed within 90 days, with the consideration being cash.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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.