During Thursday’s trading session, shares of a SaaS fintech player involved in providing spend management products and solutions are in focus, after the company agreed to acquire 100 percent shares capital and voting rights in Dice Enterprises Private Limited for Rs. 123 crores.
With a market cap of Rs. 5,907 crores, the shares of Zaggle Prepaid Ocean Services Limited closed in the red at Rs. 440.05 on BSE, down by nearly 1 percent, as against its previous closing price of Rs. 443.1. The stock has delivered positive returns of more than 64 percent in one year, and has gained by around 33 percent in the last one month.
What’s the News
Zaggle Prepaid Ocean Services Limited, in its recent regulatory filings with the stock exchanges, announced that it has entered into an agreement to acquire 100 percent of the share capital and voting rights of Dice Enterprises Private Limited from its existing shareholders. The total aggregate consideration of Rs. 123 crores.
The mode of acquisition (cash consideration/shares swap) will be determined by Zaggle’s Board of Directors at a later stage. Once determined, the chosen mode of transaction will be disclosed to the stock exchanges in compliance with all applicable regulatory guidelines. The acquisition is expected to be completed within 90 days from the date of approval by the company’s Board.
This strategic acquisition is aimed at expanding Zaggle’s product portfolio for its customers and providing access to a large base of Dice’s existing customers. The combined offerings are expected to enhance Zaggle’s presence in the Indian market and open up opportunities for expansion into global markets. Additionally, the acquisition brings in a technically skilled workforce, strengthening Zaggle’s future product development capabilities. Dice Enterprises, operating in the Spend Management sector, reported a turnover of Rs. 6.32 crores in FY24.
Financials and More
Zaggle reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 51 percent, from Rs. 273 crores in Q4 FY24 to Rs. 412 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 19 crores to Rs. 31 crores, representing a growth of nearly 63 percent YoY. As per the shareholding pattern of March 2025, the ace investor Ashish Kacholia holds a 2.24 percent stake in Zaggle.
Zaggle is a B2B2C Fintech SaaS Company and is a leading player in spend management, engaged in offering a diversified portfolio of SaaS, including tax and payroll software.
Written by Shivani Singh
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