LIC-owned NBFC stock jumps 4% after fundraise move. Do you own?
Stock market today: LIC-owned non-banking finance company (NBFC) Paisalo Digital jumped over 4% in intraday trade on Tuesday, May 13, following the announcement of the board meeting date to consider raising funds.
Paisalo Digital, a small-cap stock below ₹ 50, announced on Monday, post-market trading hours, that its board will meet on May 15, 2025, to consider and approve the fundraising proposal.
"... we would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on May 15, 2025 to consider and approve the fund raising proposal by way of issuance of Listed, Secured, Non-Convertible Debentures on Private Placement basis," said the company in a filing on Monday.
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