Zaggle expands loyalty segment with Greenedge acquisition, plans fundraising

Zaggle Prepaid Ocean Services Limited announced the acquisition of 130,000 equity shares in Greenedge Enterprises Private Limited for up to INR 25 Crores, representing 100% of Greenedge's issued and paid-up capital. This acquisition will enhance Zaggle's product offerings in the loyalty, rewards, and travel segments, specifically boosting its Propel offering. Additionally, Zaggle will invest up to INR 25 Crores in Greenedge through a Share Subscription Agreement. Greenedge, incorporated on March 9, 2009, operates as a solution provider for golf travel, experiences, and access-based rewards, reporting a turnover of INR 19.82 Crores for the fiscal year 2023-24.

The company further announced that virat sunil diwanji, a non-executive non-independent director, resigned effective September 29, 2025, due to demanding professional commitments. His resignation also means he ceases to be a member of the nomination and remuneration committee and compensation committee.

In a separate development, Zaggle's board of directors is scheduled to convene on Friday, October 3, 2025, to discuss and approve proposals for raising funds through various permissible modes, including but not limited to private placement, qualified institutions placement, or preferential issue.