Zaggle Prepaid Ocean Services Limited has successfully acquired a 100% equity stake in Rivpe Technology Private Limited (RTPL), effective March 30, 2026. This acquisition makes RTPL a wholly owned subsidiary. Furthermore, Omnicash Fintech Private Limited, a subsidiary of RTPL, automatically becomes a step-down wholly owned subsidiary of Zaggle. The company is also finalizing the acquisition of Compulsory Convertible Preference Shares (CCPS).
Finalization of Equity Acquisition
Zaggle Prepaid Ocean Services Limited has announced the successful completion of its acquisition strategy involving Rivpe Technology Private Limited (RTPL). The Company has acquired the full 100% equity stake, comprising 67,813 Equity shares with a Face Value of Rs. 10 each in RTPL. This transaction was finalized, making RTPL a wholly owned subsidiary of Zaggle with effect from March 30, 2026.
Subsidiary Structure Update
Following the primary acquisition, the organizational structure has seen an immediate cascade effect. Omnicash Fintech Private Limited, which was previously a wholly owned subsidiary of RTPL, now automatically becomes a step-down wholly owned subsidiary of Zaggle Prepaid Ocean Services Limited.
Ongoing Preference Share Acquisition
The announcement also noted that the process of acquiring Compulsory Convertible Preference Shares (CCPS) remains underway. The Company is actively finalizing the purchase of these CCPS from the existing holders as stipulated in the Share Purchase Agreement dated December 05, 2025. This step aligns with the prior intimations provided to the stock exchanges regarding the transaction roadmap.
Source: BSE
