5paisa Capital to acquire Giskard Datatech for ₹121.57 Cr cash & share swap
5paisa Capital Limited will acquire 100% of Giskard Datatech for up to ₹121.57 crore cash and a 1:31 share swap ratio. This involves issuing 20,50,588 equity shares of 5paisa. The acquisition aims to enhance digital capabilities and research. Completion is expected within 6 months, pending approvals.
The acquisition of a target company and its integration as a wholly owned subsidiary is a significant corporate action that will materially impact the company's operations, strategy, and market position.
The acquisition of Giskard Datatech is a strategic move to enhance 5paisa's digital capabilities and research offerings, which is expected to drive growth and improve customer experience.
5paisa Capital Limited has announced the acquisition of 100% of the equity share capital of Giskard Datatech Private Limited ("Giskard") through a combination of cash consideration and a share swap arrangement. The Board of Directors, in a meeting held on July 28, 2026, approved the acquisition.
The company proposes to acquire up to 1,03,082 equity shares (58.68%) of Giskard for an aggregate cash consideration not exceeding ₹121.57 crore and up to 66,148 equity shares (37.65%) through the issuance of 20,50,588 equity shares of 5paisa Capital on a preferential basis in a share swap ratio of 1:31.
Upon completion of the transaction, subject to necessary approvals, Giskard will become a wholly owned subsidiary of 5paisa Capital. The acquisition aims to strengthen 5paisa's digital investment ecosystem and research capabilities by integrating Giskard's data-driven technology solutions, analytics, and AI-enabled investment tools.
The company also approved the preferential issue of 20,50,588 equity shares for consideration other than cash, in lieu of acquiring Giskard shares. A postal ballot process will be initiated to seek shareholder approval for this agenda item. The acquisition is expected to be completed within up to 6 months, subject to regulatory and statutory approvals, including from SEBI.
In a separate clarification, 5paisa Capital addressed an inadvertent error in a previous disclosure dated July 28, 2026. The company clarified that the proposed acquisition of GDPL shares will be undertaken by the company itself, with consideration through cash and share swap, and not by the promoters of 5paisa acquiring shares directly from GDPL's existing shareholders.
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5Paisa Capital Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by 5Paisa Capital Limited. Read the original for the full detail.