Roadzen, through subsidiary Roadzen Technologies, entered into a Share Purchase Agreement to acquire Riverside, a managing general agent focused on short-term car rental insurance across Europe, for up to £12 million. The deal includes £6 million payable at closing and up to £6 million over three years tied to performance, with £600,000 held in retention. Consideration is primarily cash, though two sellers may elect Roadzen Technologies shares at a valuation of INR 2,500 crore. Closing is subject to regulatory approvals and customary conditions, with an outside date of July 3, 2027.
Agreement details:
- Agreement type: Share Purchase Agreement to acquire Riverside International Holdings
- Counterparty: Riverside shareholders
- Signed / Effective: Jul 03 2026 / same
- Duration / Termination: Until closing; outside date Jul 03 2027
- Reason: Expand European short-term car rental insurance platform
Original SEC Filing:
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