5paisa to acquire 100% of Giskard Datatech via cash and share swap
5PAISA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board of 5paisa Capital approved acquiring 100 percent of Giskard Datatech, a data analytics firm with FY25 turnover of Rs. 15.75 crore. Deal: up to Rs. 121.57 crore cash for 58.68 percent stake plus 20,50,588 5paisa shares via swap at 1:31 ratio for balance stake. Two Giskard shareholders will get about 4.19 percent stake post-allotment. Not a related party transaction. Giskard becomes wholly owned subsidiary. Revision removes erroneous reference to promoters buying shares directly.
Share swap will dilute existing shareholders by about 4.19 percent. Adds data analytics and AI capabilities to 5paisa platform. Subject to shareholder and SEBI approvals.