Acquisitions3 April 2026 at 03:11 pm
Zaggle Prepaid Ocean Services Ltd. Drops Proposed Acquisition of Effiasoft Private Limited
AI Summary
Zaggle Prepaid Ocean Services Ltd. has announced that it will not proceed with the proposed acquisition of 51% stake in Effiasoft Private Limited. The decision was made during a Board of Directors meeting held on April 3, 2026, after reassessing the strategic need for the acquisition.
Key Highlights
- Zaggle Prepaid Ocean Services Ltd. has decided to abandon the proposed acquisition of Effiasoft Private Limited.
- The decision was made during a Board of Directors meeting held on April 3, 2026.
- The acquisition was a 51% stake in Effiasoft Private Limited.
- The decision was made after reassessing the strategic need for the acquisition.
- Zaggle Prepaid Ocean Services Ltd. informed the stock exchange about the decision as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.