Acquisitions28 Mar 2025, 02:53 am
Zaggle Prepaid Ocean Services Ltd to Acquire 50.99% Stake in Effiasoft Private Limited for Rs. 41.31 Crores
AI Summary
Zaggle Prepaid Ocean Services Ltd has approved the acquisition of 50.99% stake in Effiasoft Private Limited from existing shareholders for a consideration of Rs. 41.31 Crores. The acquisition will enhance Zaggle's financial technology ecosystem by accelerating product development, improving operational efficiency, strengthening payment processing capabilities, increasing merchant engagement, and driving digital transformation in the fintech space.
Key Highlights
- Zaggle Prepaid Ocean Services Ltd to acquire 50.99% stake in Effiasoft Private Limited
- Consideration for the acquisition is Rs. 41.31 Crores
- Acquisition will enhance Zaggle's financial technology ecosystem
- Effiasoft specializes in product development, engineering, and software solutions
- Effiasoft has a proven track record in POS systems and a strong network of 300+ merchant partners