Zaggle Prepaid Ocean Services Limited has announced the successful completion of its acquisition in Rivpe Technology Private Limited. The company has acquired 16,407 Compulsory Convertible Preference Shares (CCPS), representing 100% of the CCPS stake. This transaction, completed on June 11, 2026, brings Zaggle’s total ownership to 100% of both equity and CCPS in Rivpe Technology, solidifying its control over the subsidiary.
Full Acquisition of Rivpe Technology Private Limited
Zaggle Prepaid Ocean Services Limited has officially confirmed the complete acquisition of Rivpe Technology Private Limited. This strategic move involved the purchase of 16,407 Compulsory Convertible Preference Shares (CCPS), each with a face value of Rs 20/-. This acquisition represents 100% of the CCPS stake in Rivpe Technology, further strengthening Zaggle’s strategic holdings.
Transaction Completion and Ownership Status
The acquisition of these CCPS from existing CCPS holders was successfully finalized on June 11, 2026. Following this transaction, Zaggle Prepaid Ocean Services Limited now holds a comprehensive 100% stake in Rivpe Technology Private Limited, encompassing both its equity and CCPS. This marks a significant step in the company’s expansion and integration strategy.
Reference to Previous Intimations
This announcement follows previous intimations made by the company regarding the acquisition process. These include:
– Intimation No. ZAGGLE/25-26/38 dated July 29, 2025.
– Intimation No. ZAGGLE/25-26/121 dated December 04, 2025.
– Intimation No. ZAGGLE/25-26/176 dated March 31, 2026.
Source: BSE
