Paisalo Digital to Consider Fund Raising via NCDs in March 11 Committee Meeting

On Monday, shares of Paisalo Digital Ltd fell 2.21 per cent to Rs 32.70 per share from its previous closing of Rs 33.44 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. The stock also rose 2.57 per cent to its Intraday high of Rs 33.76 during the session.

Paisalo Digital Ltd has announced that a meeting of the Operations and Finance Committee of its Board of Directors will be held on March 11, 2026. The meeting is scheduled to evaluate and approve a proposal for raising funds through the issuance of Non-Convertible Debentures (NCDs).

The proposed fund raising will be carried out through the private placement route. Non-Convertible Debentures are fixed-income instruments issued by companies to raise capital from investors while offering a predetermined rate of interest. Unlike convertible instruments, these debentures cannot be converted into equity shares of the company.

Through this proposed issuance, Paisalo Digital Ltd aims to strengthen its capital base and support its business operations and growth plans. The final decision regarding the fund raising will be subject to approval by the Operations and Finance Committee during the scheduled meeting.

As of 10:14 IST, shares of Paisalo Digital Ltd were trading at Rs 32.70 on the exchange.

Paisalo Digital Ltd currently has a total market capitalisation of Rs 2,974.14 crore.

The company has a market cap of over Rs 300 crore. The stock price has surged over -13.63 per cent in last 1 year. The stock has delivered a return of about 11.30 per cent from its 52-week low of Rs 29.38 per share.

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