Zaggle Prepaid Ocean Services is all set to acquire 100% shares capital and voting rights in Greenedge Enterprises (Greenedge) form the existing shareholders of Greenedge Enterprises subject to execution of definitive agreements and completion of certain identified conditions precedent. In this regard, the company has executed a non-binding term sheet on June 05, 2025.
The mode of acquisition (cash consideration / shares swap) will be determined by the Board of Directors at a later stage, and the same shall be duly communicated to the stock exchange in accordance with applicable regulatory requirements. The proposed acquisition by the company will be effected on such terms and conditions as may be contained in the Share Purchase Agreement and/or definite agreement to be executed by the parties to the transaction. The Greenedge acquisition strengthens the company’s product offerings in loyalty and rewards segment and travel segment giving a boost to its Propel offering.
Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with its customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.
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