Zaggle Prepaid Ocean Services to Acquire 100% Stake in Greenedge Enterprises for ₹27 Crore

Zaggle Prepaid Ocean Services Limited, on 5th June 2025, announced its plan to acquire Greenedge Enterprises Private Limited. The acquisition is a significant step in broadening Zaggle's scope in loyalty programmes and travel-based corporate rewards. The company notified both NSE and BSE regarding the execution of a non-binding term sheet and confirmed that definitive agreements will follow, subject to regulatory compliance and final terms.

Zaggle’s Strategic Move to Expand Loyalty and Travel Offerings

Zaggle’s decision to acquire Greenedge Enterprises is a calculated expansion into a niche yet growing segment—golf-based corporate engagement and access-based rewards. Greenedge, established in 2009, recorded a turnover of ₹19.82 crores in FY 2023-24, with steady growth over the past 3 years. The acquisition, valued at ₹27 crores, will grant Zaggle complete control over Greenedge's operations in India.

This move enhances Zaggle’s “Propel” platform by integrating exclusive travel and loyalty experiences, especially in premium categories. The company clarified that the acquisition is not a related party transaction, and the mode of payment, either cash or share swap, will be finalised by the board. The transaction is expected to close within 90 days of board approval.

Financial Details and Operational Impact

Greenedge Enterprises has an authorised share capital of ₹30 lakhs and a paid-up capital of ₹13 lakhs. Its consistent revenue growth from ₹7.28 crores in FY 2021-22 to ₹19.82 crores in FY 2023-24 indicates a strong market presence. The company exclusively operates within India and caters to high-value clients seeking experiential engagement solutions.

Read More: Zaggle Prepaid Ocean Services Acquires 100% Stake in Dice Enterprises!

Zaggle Prepaid Ocean Services Share Performance 

As of June 06, 2025, at 9:50 AM, Zaggle Prepaid Ocean Services share price is trading at ₹445.15 per share, reflecting a surge of 1.09% from the previous closing price. Over the past month, it has surged by 39.44%.

Conclusion

Zaggle’s acquisition of Greenedge Enterprises represents a forward-looking move to enrich its service portfolio in the corporate loyalty and travel experience sector. It not only widens Zaggle's product reach but also reaffirms its commitment to delivering differentiated, high-impact engagement solutions in the competitive financial and rewards landscape.

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