5Paisa Capital Completes Acquisition Approval of Data Tech Firm Giskard; Clarifies Previous Intimation
5Paisa Capital Limited has approved the acquisition of 100% equity share capital in Giskard Datatech Private Limited, a firm specializing in data-driven technology solutions. The acquisition, finalized by the Board of Directors on July 28, 2026, is set to significantly strengthen the company's digital investment ecosystem and expand its technological offerings.In connection with this transaction, which involves a combination of cash consideration and share swap, the Company also issued a clarification regarding an earlier intimation to stock exchanges dated July 29, 2026. The correction stated that the proposed acquisition would be undertaken by 5Paisa Capital Limited itself, not by its promoters, through a combination of cash payment and share swap, as originally disclosed in prior documents.
Acquisition Structure and Scope
The proposal aims to integrate Giskard's advanced research and analytics capabilities into 5Paisa Capital’s existing platform, which provides online investment and trading services. The integration will include stock screening, portfolio analytics, proprietary databases, and AI-enabled investment solutions. Upon completion of the transaction, Giskard Datatech Private Limited is expected to become a wholly owned subsidiary of the Company.The acquisition involves acquiring up to 1,03,082 equity shares (representing 58.68%) through cash consideration not exceeding Rs. 1,21,57,49,108. Additionally, the company plans to acquire up to 20,50,588 equity shares (37.65%) of Giskard through a preferential issue utilizing a share swap arrangement. The agreed-upon swap ratio is 1:31, meaning that for every one equity share held in Giskard, eligible shareholders will receive 31 equity shares of 5Paisa Capital Limited.
Details of Target Company and Financials
Giskard Datatech Private Limited was incorporated on June 13, 2016, and operates within the Technology and Data Analytics industry. The acquisition is intended to achieve strategic synergies and enhance long-term shareholder value by combining research, analysis, and execution capabilities under one unified platform.Details concerning the target entity, Giskard, are presented below:
| Particulars | Details |
|---|---|
| Name of Target Entity | Giskard Datatech Private Limited |
| Industry | Technology and Data Analytics |
| Acquisition Objective | To strengthen 5Paisa's digital capabilities and expand technology offerings. |
| Total Cash Consideration | Not exceeding ₹1,21,57,49,108 (for up to 1,03,082 shares). |
The turnover of Giskard for the last three financial years is detailed as follows:
| Financial Year | Turnover (Rupees in Crore) |
|---|---|
| FY 2022-23 | 7.66 |
| FY 2023-24 | 12.07 |
| FY 2024-25 | 15.75 |
Preferential Issue Details and Allotment Outcome
The transaction includes the issuance of 20,50,588 equity shares of 5Paisa Capital Limited to identified shareholders through a preferential issue for consideration other than cash (share swap). The allotment was made in favor of two investors: Mr. Amber Pabreja and Ms. Devi Yeshodharan.The outcome of the share issuance is summarized in the following table:
| Investor Name | Giskard Shares Available for Swap | Post-Swap Allotment (5Paisa Shares) | Percentage Stake Post Allotment |
|---|---|---|---|
| Mr. Amber Pabreja | 38,148 | 11,82,588 | 2.42% |
| Ms. Devi Yeshodharan | 28,000 | 8,68,000 | 1.77% |
| TOTAL | 20,50,588 | 20,50,588 | 4.19% |
The acquisition was structured to facilitate the transfer of technology assets and intellectual property, ensuring a robust digital investment platform for retail customers.
5PAISA Stock Price Movement
As of 3:24 PM, shares of 5Paisa Capital Limited are slipping by 1.35% in live trading, currently registering at ₹348.25. The stock saw significant intraday activity, with a total traded volume reaching 49,134 shares during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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