Zaggle announces Rs 27 crore acquisition of Greenedge Enterprises
By Aditya Bhagchandani Published on June 5, 2025, 18:42 IST
Zaggle Prepaid Ocean Services has announced its plan to acquire 100% shareholding in Greenedge Enterprises Private Limited for a total consideration of Rs 27 crore. The acquisition was disclosed through an exchange filing dated June 5, 2025, under Regulation 30 of SEBI's LODR regulations.
Greenedge Enterprises, incorporated on March 9, 2009, operates in the niche space of golf-based loyalty, rewards, and travel experiences. The company reported a turnover of Rs 19.82 crore for FY24, up from Rs 13.67 crore in FY23 and Rs 7.28 crore in FY22. It has a paid-up capital of Rs 13 lakh and operates solely within India.
Zaggle has signed a non-binding term sheet, with the acquisition expected to be completed within 90 days, subject to execution of definitive agreements and fulfillment of identified conditions. The mode of consideration—cash or share swap—will be decided by the board at a later stage.
The move aims to enhance Zaggle's offerings in the loyalty and rewards segment, aligning with its broader Propel product suite.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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