Zaggle Prepaid Ocean Services Ltd News
Zaggle Prepaid shares rally 16% on robust FY27 revenue guidance, Fanuc deal
Zaggle Prepaid said it expects standalone revenue growth of 25-30 per cent in FY27, while consolidated revenue growth is projected at around 40 per cent
 "Zaggle Prepaid shares rally 16% on robust FY27 revenue guidance, Fanuc deal")
Zaggle acquires Rivpe Technology for ₹97 cr to expand Rio.Money payments
Fintech firm Zaggle Prepaid Ocean Services has placed Rs 97 crore bet on consumer credit card and UPI-based payment solution provider Rivpe Technology with its 100 per cent acquisition, according to a regulatory filing. Zaggle will acquire Rivpe for Rs 22 crore and invest Rs 75 crore in the latter's brand Rio.Money to support product enhancement and expansion of consumer payment offerings. "We wish to inform you, the Board of Directors of Zaggle Prepaid Ocean Services Limited at its meeting held today...approved ...acquisition of 81,429 Equity Shares and 16,407 Compulsory Convertible Preference Shares for consideration up to Rs 22 crores from the existing shareholders of Rivpe Technology Private Limited (Rivpe), representing 100 per cent of issued and paid-up capital of Rivpe on a fully diluted basis," the filing said. The transaction is expected to close in 120 days. "Zaggle will invest up to Rs 75 crore in Rio.Money, in one or more tranches, to support product enhancement, ...