Zaggle Prepaid Ocean Services Limited has successfully completed a significant investment of Rs. 49,99,99,939.92 into its subsidiary, Rivpe Technology Private Limited (RTPL). Through this infusion, RTPL has issued 3,42,147 equity shares to the company. This transaction maintains the existing ownership structure, ensuring that RTPL continues to operate as a wholly-owned subsidiary of Zaggle, further solidifying the parent company’s commitment to its technological expansion and service capabilities.
Strategic Investment in RTPL
Zaggle Prepaid Ocean Services Limited has finalized a major capital injection into its subsidiary, Rivpe Technology Private Limited (RTPL). The investment, valued at Rs. 49,99,99,939.92, underscores the company’s focus on strengthening its technological infrastructure. This transaction was finalized as of April 02, 2026.
Details of the Share Allotment
As part of the investment, RTPL has allotted 3,42,147 equity shares to Zaggle Prepaid Ocean Services Limited. These shares carry a face value of Rs. 10 per share and were issued via a rights issue. This move is part of the ongoing capital allocation strategy aimed at supporting the subsidiary’s operational requirements.
Impact on Corporate Structure
Following this transaction, the shareholding pattern remains unchanged. Rivpe Technology Private Limited will continue to function as a wholly-owned subsidiary of Zaggle Prepaid Ocean Services Limited. The investment ensures that the parent entity retains full control over the subsidiary’s assets and strategic direction, fostering continued synergy between the two organizations.
Source: BSE
