5paisa to acquire Giskard Datatech via cash and share swap
5PAISA · price
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Board approved 100 percent acquisition of Giskard Datatech, a data analytics firm with FY25 turnover of Rs 15.74 crore, for up to Rs 121.57 crore. Funded by cash for 58.68 percent stake and share swap at 1:31 ratio for 37.65 percent. Company will issue 20.5 lakh preferential equity shares to two Giskard promoters. Giskard to become wholly owned subsidiary, adding AI and analytics capability to 5paisa digital platform. Postal ballot to be held.
Dilution of around 4.19 percent for existing shareholders. Brings data analytics and AI capability to strengthen 5paisa digital platform.