Zaggle Prepaid Ocean Services Ltd
Update on Acquisition of Compulsory Convertible Preference Shares in Rivpe Technology Private Limited
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 12 Jun 2026, 10:48 PM IST · BSE ID: 98f55077-1275-41de-8375-f8c07fa8ae81
View Original BSE Filing (PDF)
💡
In Simple Terms
The company finalized buying all remaining special shares of Rivpe Technology, giving it full ownership of the company.
🤖 AI Summary
- Zaggle Prepaid Ocean Services acquired 16,407 Compulsory Convertible Preference Shares (CCPS) in Rivpe Technology.
- The acquisition, completed on June 11, 2026, represents 100% of Rivpe Technology's CCPS stake.
- Zaggle now holds a 100% stake across both Equity and CCPS in Rivpe Technology Private Limited.
- Each acquired CCPS has a face value of Rs 20/-.
- This completion follows previous intimations regarding the acquisition process dated July 29, 2025, December 04, 2025, and March 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
🏢 How This Affects the Company
Zaggle now has full ownership of Rivpe Technology Private Limited, integrating its operations and offerings entirely into Zaggle's portfolio.
Full control over Rivpe Technology Private Limited's operations allows for complete integration of its systems and workforce.
Achieving 100% ownership eliminates any minority interest risks and provides complete strategic alignment with Rivpe Technology.
👥 What This Means For Shareholders
✅
Action Required
No direct action is required from shareholders based on this acquisition update.
👤
Who Is Affected
Existing shareholders of Zaggle Prepaid Ocean Services Limited are indirectly affected by the company's expanded full ownership and operational control over Rivpe Technology Private Limited.
🔍
Management Signal
The completion of this acquisition signals management's commitment to consolidating assets and fully integrating strategic targets announced previously.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Upcoming financial results — examine any consolidated performance impacts from Rivpe.
Future disclosures — check for operational updates or synergies involving Rivpe.
Strategic announcements — monitor for further M&A or expansion plans by Zaggle.
LOW RISK
The filing reports the completion of a previously intimated acquisition, consolidating ownership.
💡 Investor Takeaway
Zaggle Prepaid Ocean Services Limited completed the acquisition of 16,407 Compulsory Convertible Preference Shares (CCPS) of face value Rs 20/- each in Rivpe Technology Private Limited on June 11, 2026. This establishes 100% ownership across both Equity and CCPS.
⚖️ Strengths & Concerns
✅ Positives
- Completion of 100% acquisition across both Equity and CCPS of Rivpe Technology Private Limited provides full control.
- The acquisition of 16,407 CCPS with a face value of Rs 20/- each solidifies Zaggle's complete ownership.
📅 Company Track Record
Zaggle has been active in M&A updates; it completed Dice asset acquisition for Rs. 67.9 Crores in May 2026. Conversely, Zaggle cancelled a 51% acquisition of Effiasoft Private Limited in April 2026, initially announced March 2025, after reassessment.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What shares did Zaggle Prepaid Ocean Services acquire in Rivpe Technology?
Zaggle Prepaid Ocean Services Limited acquired 16,407 Compulsory Convertible Preference Shares (CCPS) in Rivpe Technology Private Limited.
What is the face value of the acquired CCPS in Rivpe Technology?
Each acquired Compulsory Convertible Preference Share (CCPS) in Rivpe Technology Private Limited has a face value of Rs 20/-.
When was the acquisition of Rivpe Technology's CCPS completed?
The acquisition of the Compulsory Convertible Preference Shares (CCPS) in Rivpe Technology Private Limited was completed on June 11, 2026.
What is Zaggle's total stake in Rivpe Technology Private Limited after this transaction?
With the completion of this transaction, Zaggle Prepaid Ocean Services Limited has acquired a 100% stake across both Equity and CCPS in Rivpe Technology Private Limited.
Questions based on this BSE filing only. For information purposes.