Nimisha Pandey bought 43,15,000 shares of this penny stock under Rs 50 from NBFC sector; Details inside

Nimisha Pandey increased her stake in Paisalo Digital Limited to 5.18 per cent through an open market acquisition. This involved purchasing 43,15,000 shares, bringing her total holding to 4,67,32,362 shares. Previously, Nimisha Pandey held 4,24,17,362 shares, representing 4.70 per cent of the company's total share/voting capital. The shares of Paisalo Digital Limited are listed on both the National Stock Exchange of India Limited and BSE Limited. Nimisha Pandey is identified as an acquirer, acting in concert, and is not part of the Promoter/Promoter group.

 Additionally, the company’s Operations and Finance Committee approved the allotment of 3,400 Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rupees One Lakh, resulting in a total issuance of Rs 340,000,000. These debentures carry a coupon interest rate of 9.75 per cent per annum, payable quarterly, and have a tenure of 36 months. The NCDs are secured by a first-ranking pari-passu charge on loan receivables, maintaining a security cover of 1.10 times the outstanding principal. In case of a delay in interest or principal payment exceeding three months, the default interest rate will be the coupon rate plus 2 per cent per annum.

About the Company

Paisalo Digital Limited focuses on providing accessible, small-ticket income generation loans to underserved populations across 22 states and UTs in India, leveraging a network of 3,997 touch points. Their mission is to be a trusted, high-tech and high-touch financial companion, using a customer-centric approach and data analytics to deliver tailored, scalable solutions while ensuring strong governance and regulatory compliance.

Paisalo Digital has reported its highest-ever total income for the quarter ended June 30, 2025, reaching Rs 218.7 crore, a 17 per cent year-over-year increase. This financial milestone coincides with the company surpassing 1.1 crore customers, adding approximately 15 lakh new customers in a single quarter, which underscores its leadership in inclusive growth. Key highlights from the quarter include a 14 per cent YoY growth in Asset Under Management (AUM) to Rs 5,230.2 crore, a 16 per cent YoY increase in disbursements to Rs 758.1 crore and a 20 per cent rise in Net Interest Income to Rs 124.4 crore. The company also maintained strong asset quality with GNPA and NNPA at 0.85 per cent and 0.68 per cent, respectively and a robust Capital Adequacy Ratio of 39.5 per cent. Paisalo Digital further expanded its reach by adding 50 new branches, bringing its total to 401 and deepened its co-lending partnership with SBI to enhance credit delivery for MSME and SME loans across India.

The stock is up by 3.9 per cent from its 52-week low of Rs 29.40 per share. As of June 2025, SBI Life Insurance Co. Ltd owns an 8.96 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.12 per cent stake.

Disclaimer: The article is for informational purposes only and not investment advice.