5paisa completes GDPL acquisition, lifts holding to 100%

5paisa Capital Limited completed its acquisition of the remaining 42.59% of Giskard Datatech Private Limited on November 13, 2026, lifting its ownership from 57.41% to 100%. The completion makes GDPL a wholly owned subsidiary of 5paisa, using Rs 121.5749108 crore of cash and a share swap involving 20,50,588 5paisa equity shares.

When did 5paisa complete the GDPL acquisition?

5paisa completed the acquisition on November 13, 2026, according to demat statements received by the company and disclosed on November 14, 2026. The closing covered GDPL's remaining 42.59% share capital, following acquisition-related disclosures dated July 28, July 29 and November 4, 2026.

Before the closing, 5paisa held 57.41% of GDPL. Its holding consequently increased by 42.59 percentage points to 100%, making GDPL a wholly owned subsidiary with effect from November 13, 2026.

The November 14 disclosure was issued under Regulation 30 of the Securities and Exchange Board of India, or SEBI, Listing Obligations and Disclosure Requirements Regulations, 2015. It also cited SEBI's January 30, 2026 master circular on disclosure requirements for acquisitions.

What consideration did 5paisa provide for GDPL?

5paisa used cash consideration and a share swap under agreements executed among the parties. The disclosed aggregate cash consideration was Rs 121.5749108 crore, while the share-swap component consisted of 20,50,588 5paisa equity shares issued at Rs 380 per share.

The stated issue price values the 20,50,588 shares at Rs 77.922344 crore on an arithmetic basis. The filing separately identifies the cash amount and the share issue, but does not state a combined transaction value or disclose the number of GDPL shares acquired in the final 42.59% purchase.

The consideration was provided under a Share Purchase Agreement and a Shareholders' cum Purchase Agreement. The November 14 filing does not provide further terms on payment timing, valuation methodology or restrictions on the 20,50,588 newly issued 5paisa shares.

What business and turnover does GDPL have?

GDPL operates in technology and data analytics, providing software development, data processing, analytics and technology-infrastructure services. Incorporated on June 13, 2016, GDPL builds and supports data platforms, information systems and analytical tools, particularly for large datasets and actionable insights.

GDPL reported turnover of Rs 19.55 crore in FY 2025-26, compared with Rs 15.75 crore in FY 2024-25 and Rs 12.07 crore in FY 2023-24. Turnover rose by Rs 7.48 crore over the two financial years from FY 2023-24 to FY 2025-26, while the increase in FY 2025-26 was Rs 3.80 crore from the preceding year.

GDPL primarily operates in India and had no known overseas operations or presence as of the November 14, 2026 disclosure. Its Rs 19.55 crore FY 2025-26 turnover was the size figure included by 5paisa in the acquisition annexure.

Why did 5paisa acquire the remaining GDPL stake?

5paisa said the acquisition is intended to strengthen its digital capabilities, expand technology offerings, achieve strategic synergies and enhance long-term shareholder value. The stated objectives concern GDPL's software, data-platform and analytics activities, which generated turnover of Rs 19.55 crore in FY 2025-26.

The November 14 filing does not disclose quantified synergy targets, expected cost savings, revenue targets or an operational-integration timetable. It confirms instead that 5paisa acquired the final 42.59% after already holding 57.41% of GDPL.

The acquisition was not a related-party transaction, according to 5paisa. The company also said none of its promoters, promoter group or group companies had an interest in GDPL, which became a wholly owned subsidiary on November 13, 2026.

Which approvals were required for the GDPL transaction?

5paisa said the transaction required corporate, statutory and regulatory approvals, all of which had been received before the November 13, 2026 completion. A specified step concerned GDPL's Research Analyst registration under the SEBI Research Analysts Regulations, 2014.

Because GDPL held the Research Analyst registration, prior approval from the relevant regulatory or statutory authority was required to surrender it. GDPL received the required approval, while 5paisa received the corporate, statutory and regulatory approvals required to consummate the acquisition.

The clearance process distinguishes the completed November 13 transaction from the July 28, July 29 and November 4, 2026 announcements. The November 14 filing confirms both regulatory completion and the demat-recorded transfer that increased 5paisa's GDPL holding to 100%.

Conclusion

The November 13, 2026 closing gives 5paisa full ownership of GDPL after the acquisition of the final 42.59% stake through Rs 121.5749108 crore of cash and 20,50,588 5paisa shares issued at Rs 380 each. GDPL brings technology and data-analytics operations whose turnover rose from Rs 12.07 crore in FY 2023-24 to Rs 19.55 crore in FY 2025-26.

The next development to watch is how 5paisa implements its stated plan to strengthen digital capabilities, broaden technology offerings and achieve strategic synergies. The filing sets no integration deadline or financial target, but confirms that all approvals, including the approval relating to surrender of GDPL's Research Analyst registration, were in place at completion.