Zaggle acquires 100% CCPS stake in Rivpe Technology

Zaggle Prepaid Ocean Services Limited has secured full ownership of Rivpe Technology Private Limited by acquiring a 100% stake in its Compulsory Convertible Preference Shares (CCPS). The acquisition of 16,407 CCPS, each with a face value of ₹20, was completed on June 11, 2026. This strategic move allows Zaggle Prepaid Ocean Services to consolidate its holding across both Equity and CCPS in Rivpe Technology Private Limited.

Transaction Details

The acquisition was executed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the National Stock Exchange of India Limited and BSE Limited regarding the completion of this transaction.

Breakdown of Acquisition

Parameter	Details
Target Entity	Rivpe Technology Private Limited
Instrument	Compulsory Convertible Preference Shares (CCPS)
Quantity Acquired	16,407 CCPS
Face Value	₹20 per share
Stake Acquired	100% of CCPS
Transaction Date	June 11, 2026

Prior to this transaction, Zaggle Prepaid Ocean Services Limited had issued intimations regarding the proposed acquisition on July 29, 2025, December 04, 2025, and March 31, 2026. The successful completion of the purchase from existing CCPS holders marks the final step in the process to acquire 100% control over both Equity and CCPS of Rivpe Technology Private Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.24%	+3.65%	-17.17%	-40.37%	-53.33%	+31.86%

Zaggle Prepaid Ocean Services has entered into a 5-year agreement with Crompton Greaves Consumer Electricals to provide employee expense management and benefits solutions. The deal, signed on June 10, 2026, expands Zaggle's corporate partnerships within the domestic market. The agreement is subject to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Partnership Details

The agreement designates Zaggle as the provider of its 'Zaggle Save' platform to Crompton Greaves Consumer Electricals. This platform focuses on employee expense management and benefits. The contract is classified as a domestic agreement and is not a related party transaction.

Parameter	Details
Company	Zaggle Prepaid Ocean Services
Partner	Crompton Greaves Consumer Electricals
Nature of Agreement	Employee expense management & benefits
Duration	5 Years
Date of Agreement	June 10, 2026

The financial consideration for the order is variable. The quantum of SaaS or software fee depends on the number of active users on the platform for the respective months. Additionally, the program fee is derived from the actual spends conducted by users over the period. Consequently, the total contract value cannot be ascertained at this stage.