Zaggle Prepaid Ocean Services Limited (NSEI:ZAGGLE) agreed to acquire 45% stake in Span Across IT Solutions Private Limited for INR 247.5 million on March 27, 2024. The consideration consists of INR 247.5 million in cash. As part of the consideration, INR 247.5 million was paid towards common equity of 0.9 million shares. The board of Zaggle Prepaid Ocean Services Limited approved the acquisition. The acquisition will be completed within the period of 45 days form the date of approval by the Board of Directors of Zaggle Prepaid Ocean Services Limited. Span Across IT Solutions Private Limited reported INR 39.1 million for FY 2022-23.
Zaggle Prepaid Ocean Services Limited (NSEI:ZAGGLE) completed the acquisition of 45% stake in Span Across IT Solutions Private Limited on March 30, 2024.