Leading NBFC Secures "BWR AA /Stable" Rating for ₹1,500 Crore NCDs; Committee Meeting Set for March 18
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The stock price has fallen over 11.96 per cent in the last one year. The stock is currently trading about 4.73 per cent above its 52-week low of Rs 29.38 per share
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On Friday, shares of Paisalo Digital Ltd fell 4.35 per cent to Rs 30.77 per share from its previous closing of Rs 32.17 per share. The stock’s 52-week high is Rs 41.70 per share and its 52-week low is Rs 29.38 per share. During the session, the stock touched an Intraday high of Rs 32.25 per share, reflecting a rise of about 0.25 per cent from the previous close.
Paisalo Digital Ltd, a prominent Non-Banking Financial Company (NBFC), has announced two key developments regarding its capital-raising plans and credit standing. The company informed exchanges that it has secured a high-grade credit rating for its proposed debt instruments while also scheduling a committee meeting to consider the allotment of Non-Convertible Debentures (NCDs).
In a regulatory filing, Paisalo Digital Ltd said that Brickwork Ratings India Pvt Ltd has assigned a credit rating of “BWR AA /Stable” to the company’s proposed long-term Non-Convertible Debentures worth Rs 1,500 crore. The rating reflects a strong degree of safety regarding the timely servicing of financial obligations. The “Stable” outlook indicates that the rating agency expects the company’s credit profile and operational performance to remain steady over the medium term.
The newly assigned rating by Brickwork Ratings is in addition to the existing ratings already assigned to the company by Infomerics Analytics and Research Pvt Ltd. The presence of multiple ratings from established agencies strengthens investor confidence in the company’s debt instruments and overall financial stability.
Alongside the rating announcement, the company has scheduled a meeting of the Operations and Finance Committee of the Board of Directors on March 18, 2026. The committee will consider and approve the allotment of Non-Convertible Debentures on a private placement basis. This step is part of the company’s broader strategy to strengthen its capital base and support the expansion of its lending operations.
The NBFC currently maintains a diversified portfolio of debt instruments, including several series of Non-Convertible Debentures and Commercial Papers (CPs) active in the market. The formal communication regarding the rating and committee meeting was issued by Company Secretary Manendra Singh and shared with various financial institutions, including the India International Exchange (IFSC) and multiple trusteeship service providers.
The company has a market cap of over Rs 2,798 crore. The stock price has fallen over 11.96 per cent in the last one year. The stock is currently trading about 4.73 per cent above its 52-week low of Rs 29.38 per share.
Disclaimer: The article is for informational purposes only and not investment advice.