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Zaggle Prepaid Ocean Services Limited has approved the acquisition of 16.67% equity shares of Mobileware Technologies Private Limited from its promoter. Mobileware, a digital payments infrastructure company based in Mumbai, has reported a turnover of ₹16.99 crore for FY 2023-24, showcasing significant growth from ₹10.91 crore in FY 2022-23 and ₹6.84 crore in FY 2021-22. The acquisition aims to enhance Zaggle's capabilities in integrated payment solutions through Mobileware’s NPCI-certified offerings, positioning the company to deliver superior payment experiences and expand its service portfolio, including Lending and Credit solutions. This strategic move reflects a commitment to leverage Mobileware's infrastructure to create multiple co-use cases for clients. The deal is expected to be completed within 90 days, with cash consideration being a key aspect of the acquisition. Investors should watch closely as this integration could drive future growth and innovation for Zaggle.
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