Acquisitions4 Dec 2025, 02:59 pm
Zaggle Prepaid Ocean Services Ltd. to Acquire Rivpe Technology Private Limited for Up to Rs. 22 Crores
AI Summary
Zaggle Prepaid Ocean Services Limited has approved the acquisition of 100% issued and paid-up capital of Rivpe Technology Private Limited for a consideration of up to Rs. 22 Crores. Rivpe is a fintech company with offerings including UPI payments and consumer credit cards. The acquisition is expected to expand Zaggle's product offerings and facilitate its entry into the consumer credit card market. Upon completion, Rivpe will become a wholly owned subsidiary of Zaggle.
Key Highlights
- Zaggle to acquire Rivpe Technology Private Limited for up to Rs. 22 Crores
- Rivpe is a fintech company with offerings including UPI payments and consumer credit cards
- Acquisition expected to expand Zaggle's product offerings and facilitate entry into consumer credit card market
- Rivpe to become a wholly owned subsidiary of Zaggle upon completion
- No related party transaction and no interest from promoter/promoter group/group companies in the entity being acquired