5paisa Capital to acquire Giskard Datatech for ₹121.57 Cr via cash and share swap
5paisa Capital will acquire 100% of Giskard Datatech via cash and share swap. The cash consideration is up to ₹121.57 crore, with a 1:31 share swap ratio. Giskard, a tech and data analytics firm with FY25 turnover of ₹15.75 crore, will become a wholly-owned subsidiary. The deal is expected to close within 6 months.
The acquisition is significant as it involves a substantial cash outflow and a share swap, leading to Giskard becoming a wholly-owned subsidiary and integrating its technology and analytics capabilities into 5paisa's platform, which is expected to have a material impact on the company's operations and market position.
The acquisition of Giskard Datatech is a strategic move to enhance 5paisa Capital's digital capabilities and research offerings, which is expected to drive growth and shareholder value.
5paisa Capital Limited announced its board meeting outcome on July 28, 2026, wherein it approved the acquisition of 100% equity share capital of Giskard Datatech Private Limited. The acquisition will be a combination of cash consideration not exceeding ₹121.57 crore and a share swap arrangement.
Under the share swap, 5paisa Capital will issue equity shares in a ratio of 1:31 for Giskard's shares. The company proposes to acquire up to 1,03,082 equity shares (58.68%) of Giskard for a cash consideration of ₹121.57 crore and up to 20,50,588 equity shares (37.65%) through a preferential issue.
Upon completion, Giskard will become a wholly-owned subsidiary of 5paisa Capital. The company also approved the process for seeking shareholder approval via postal ballot for these transactions. The Board meeting commenced at 8:30 PM and concluded at 9:30 PM on July 28, 2026.
Giskard Datatech specializes in data-driven technology solutions, including software development, data processing, and analytics. Its turnover for FY2024-25 was ₹15.75 crore. The acquisition is aimed at strengthening 5paisa's digital investment ecosystem and research capabilities. The acquisition is expected to be completed within 6 months, subject to regulatory approvals, including from SEBI.
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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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