5paisa Capital to acquire Giskard Datatech for ₹121.57 Cr cash & share swap
5paisa Capital will acquire 100% of Giskard Datatech for up to ₹121.57 crore cash and a share swap. The company will issue 20,50,588 equity shares via preferential allotment. Giskard's turnover was ₹15.75 crore in FY25. The acquisition is expected to complete within 6 months, subject to approvals.
The acquisition of a company for a significant cash component and share swap, leading to a wholly-owned subsidiary, is a material event with a high impact on the company's structure and operations.
The acquisition of Giskard Datatech is a strategic move to strengthen 5paisa Capital's digital capabilities and enhance its technology offerings, which is positive for future growth.
5paisa Capital Limited has announced a revision to its previous intimation regarding the outcome of its Board Meeting held on July 28, 2026. The company clarified that a paragraph concerning promoters acquiring shares of Giskard Datatech Private Limited (GDPL) was inadvertently included and does not form part of the Board's approval.
The company reiterated that the acquisition of GDPL will be undertaken by 5paisa Capital itself, through a combination of cash and share swap, as previously disclosed. There is no proposal for promoters to acquire GDPL shares directly from its existing shareholders.
In the original board meeting outcome on July 28, 2026, the Board of Directors approved the acquisition of 100% of the equity share capital of Giskard Datatech Private Limited. This acquisition will be executed through a combination of cash consideration not exceeding ₹121.57 crore (for up to 1,03,082 equity shares, 58.68% of diluted paid-up equity share capital) and a share swap arrangement for up to 66,148 equity shares (37.65% of diluted paid-up equity share capital) through the issuance of 5paisa equity shares in a 1:31 ratio. Upon completion, Giskard will become a wholly-owned subsidiary of 5paisa Capital.
The company also approved a preferential issue of 20,50,588 equity shares of 5paisa Capital Limited to the identified shareholders of Giskard Datatech Private Limited, in lieu of acquiring their shares via the share swap arrangement. The company will seek shareholder approval for this preferential issue through a postal ballot process, with the notice for which has also been approved by the Board.
Giskard Datatech Private Limited, incorporated on June 13, 2016, specializes in data-driven technology solutions, including software development, data processing, analytics, and technology infrastructure services. Its turnover for FY2024-25 was ₹15.75 crore. The acquisition is intended to strengthen 5paisa Capital's digital capabilities, expand its technology offerings, and enhance its research and analytics capabilities. The proposed acquisition is subject to necessary corporate, statutory, and regulatory approvals, including SEBI approval, and is expected to be completed within up to 6 months.
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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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