Paisalo Digital inches up on getting nod to raise upto Rs 30 crore through NCDs
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Paisalo Digital is currently trading at Rs. 77.80, up by 0.04 points or 0.05% from its previous closing of Rs. 77.76 on the BSE.
The scrip opened at Rs. 78.49 and has touched a high and low of Rs. 79.14 and Rs. 76.80 respectively. So far 62423 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.63 on 01-Mar-2024 and a 52 week low of Rs. 21.01 on 11-Jul-2023.
Last one week high and low of the scrip stood at Rs. 81.09 and Rs. 75.35 respectively. The current market cap of the company is Rs. 6986.78 crore.
The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 27.94% and 21.69% respectively.
Paisalo Digital has received approval for the issuance of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) aggregating upto Rs 30 crore through Private Placement basis.
The Committee also approved the issuance of Commercial Papers (CPs) each having face value of Rs 5 lakh in one or more tranches aggregating upto Rs 90 crore on a Private Placement basis. The Operations and Finance Committee of the Board of Directors of the Company at its meeting held on April 24, 2024 has, inter alia, considered and approved the same.
Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.
