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 ₹121.57 crore in cash and a share swap ratio of 1:31 for other shares. This will make Giskard a wholly-owned subsidiary. A preferential issue of 20,50,588 equity shares is planned to facilitate the share swap.