Zaggle Prepaid Ocean Services Limited (ZAGGLE) announced on June 5, 2025, that it has executed a non-binding term sheet to acquire 100% share capital and voting rights in Greenedge Enterprises Private Limited. The acquisition is subject to the execution of definitive agreements and completion of certain identified conditions precedent.

Key details of the proposed acquisition:

• The total aggregate consideration for acquiring 100% shareholding of Greenedge will be ₹27 Crores.
• The mode of acquisition (cash consideration or shares swap) will be determined by the Board of Directors at a later stage.
• Greenedge Enterprises Private Limited operates as a solution provider for golf travel, experiences, and access-based rewards, belonging to the Loyalty Experiences and Rewards industry (niche segment focused on golf-based corporate engagement).
• Its authorized share capital is ₹30,00,000, and paid-up capital is ₹13,00,000.
• Turnover of Greenedge for the last three financial years:
  • FY 2023-24: ₹19.82 Crores
  • FY 2022-23: ₹13.67 Crores
  • FY 2021-22: ₹7.28 Crores
• The acquisition is not a related party transaction, and the promoter/promoter group/group companies have no interest in the entity being acquired.
• The proposed acquisition is expected to strengthen Zaggle’s product offerings in the loyalty and rewards segment and travel segment, giving a boost to their Propel offering.
• The indicative time period for completion of the acquisition is within 90 days from the date of approval by the Board of Directors of the Company.
• Greenedge Enterprises Private Limited was incorporated on March 9, 2009, and has its presence only in India.