5paisa Capital Clarifies Giskard Acquisition Terms

5paisa Capital Limited has issued a clarification regarding its acquisition of Giskard Datatech Private Limited. The company corrected an inadvertent error in a previous disclosure, stating that promoters will not acquire Giskard shares directly. The acquisition will be undertaken by 5paisa Capital itself, funded by a combination of cash and share swap. The Board approved acquiring 100% of Giskard's equity, involving up to 1,03,082 shares for cash (max ₹121.57 Cr) and up to 66,148 shares via a share swap (1:31 ratio). This transaction aims to make Giskard a wholly-owned subsidiary.