Zaggle Prepaid Ocean Services Ltd.

Zaggle Prepaid Ocean Services is all set to acquire 100% shares capital and voting rights in Dice Enterprises from the existing shareholders of Dice 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 5, 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 acquisition expands company’s product offerings for its customers and gives it access to a large base of existing customers of the target entity. Along with this, the combined product offering enables company to expand further in the Indian market as well as open up opportunities for providing solutions globally. As part of the acquisition, the company also gets the ability to onboard a highly technically skilled workforce which would enhance its future product capabilities as well.

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.