Zaggle Prepaid Ocean Services Acquires Stakes In Two Companies For Rs 48 Crore
Mobileware focuses on digital payments ecosystem technologies.
Fintech firm Zaggle Prepaid Ocean Services Ltd on Thursday announced acquisition of stakes in two companies with a total investment of around Rs 48 crore. The company has acquired a 98.32% stake in Span Across IT Solutions and 26% in Mobileware Technologies.
"Zaggle has infused Rs 32.07 crore for a 98.32% controlling stake in Span Across IT Solutions Pvt. Ltd., consequent to which the company will become a subsidiary of Zaggle, following the completion of the procedural requirements. It has also acquired a significant minority stake in Mobileware Technologies Private by investing Rs 15.60 crore for a 26% ownership stake on a post-issue and fully diluted basis,” the company said in a statement.
Span Across IT Solutions specialises in providing digital solutions for tax and accounting services, helping businesses streamline their tax processes.
Mobileware focuses on digital payments ecosystem technologies.