5Paisa Capital's Giskard Datatech stake rises to 57.41%, now a subsidiary

5Paisa Capital (NSE: 5PAISA) has raised its stake in Giskard Datatech Private Limited to 57.41%, making it a subsidiary, after acquiring 66,148 shares on 3 Nov 2026 under a share swap, it said in a filing on 04 Nov 2026. The consideration is 20,50,588 of the Company's equity shares at ₹380 each, aggregating ₹77.92 crore.

Key highlights

• Shareholding in Giskard Datatech: 19.76% to 57.41%
• Shares acquired on 3 Nov 2026: 66,148
• Share swap: 20,50,588 equity shares at ₹380 each
• Aggregate cost of acquisition: ₹77.92 crore

The stake increase in numbers

The share swap and the shareholding change

The Company acquired 66,148 equity shares of GDPL on 3 Nov 2026 for consideration other than cash, under a share swap. Its shareholding rose from 19.76% to 57.41% on a fully diluted basis, and GDPL became a subsidiary from the same date.

The consideration is the issuance of 20,50,588 equity shares of the Company at an issue price of ₹380 each, aggregating ₹77.92 crore, as disclosed in the Postal Ballot Notice dated 28 Jul 2026. Earlier intimations of 28 Jul 2026 and 29 Jul 2026 describe the 100% acquisition as a combination of cash consideration and a share swap.

The remaining acquisition will be completed once the conditions precedent and other terms in the Share Purchase Agreement and Shareholders' cum Purchase Agreement are fulfilled.

Research registration cleared before completion

GDPL held a Research Analyst registration under the SEBI (Research Analysts) Regulations, 2014, so its surrender needed prior approval from the regulatory authority. GDPL has received that approval, and the Company has received the necessary corporate, statutory and regulatory approvals for the acquisition.

What GDPL does and the stated aim of the deal

GDPL was incorporated on 13 Jun 2016 under the Companies Act, 2013 and is engaged in software development, data processing, analytics and technology infrastructure services. GDPL operates mainly in India and has no known overseas operations.

The acquisition aims to strengthen the Company's digital capabilities, expand its technology offerings, achieve strategic synergies and enhance long-term shareholder value.

What the GDPL stake means for 5Paisa Capital's shareholders

The Company now holds 57.41% of GDPL, and GDPL is a subsidiary from 3 Nov 2026. The consideration is paid in equity shares of the Company rather than in cash.

The filing does not say what GDPL's turnover or profit will add to the Company's results, or what the total consideration for the full 100% acquisition will be. The next step is completion of the remaining acquisition once its conditions are met, and no date is given for it.