Latest news with #FCCBs
Mint
01-08-2025
- Business
- Mint
Small-cap stock under ₹50: NBFC declares board meeting to consider fundraising. Details here
Stock Market Today: Small-cap stock under ₹ 50: An NBFC has declared a board meeting to consider fundraising. Details here about Paisalo Digital Limited Paisalo Digital, on Thursday, 31 July, after the market hours, intimated to the exchanges about its board meeting. In its release by Paisalo Digital on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange of India Intimated regarding raising of funds through private placement of nonconvertible debentures. The small-cap stock under ₹ 50, an NBFC, Paisalo Digital, in it release said that 'we would like to inform you that the meeting of the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on August 5, 2025.' The meeting of the board of directors of Paisalo Digital will consider and approve the fundraising proposal by way of issuance of listed, secured, non-convertible debentures on a private placement basis. Paisalo Digital Ltd. a day earlier (30 July 2025) had announced the listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) Due 2029—Paisalo Digital Limited on the 'Global Securities Market' of India International Exchange (IFSC) Limited. The listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) due in 2029 will be in effect from 31 July 2025 as per Paisalo Digital Limited. The company has issued .$50,000,000 at 7.5 percent. Secured Foreign Currency Convertible.
Mint
01-08-2025
- Business
- Mint
Small-cap stock under ₹50: NBFC declares board meeting to consider fundraising. Details here
Stock Market Today: Small-cap stock under ₹ 50: An NBFC has declared a board meeting to consider fundraising. Details here about Paisalo Digital Limited Paisalo Digital, on Thursday, 31 July, after the market hours, intimated to the exchanges about its board meeting. In its release by Paisalo Digital on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange of India Intimated regarding raising of funds through private placement of nonconvertible debentures. The small-cap stock under ₹ 50, an NBFC, Paisalo Digital, in it release said that 'we would like to inform you that the meeting of the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on August 5, 2025.' The meeting of the board of directors of Paisalo Digital will consider and approve the fundraising proposal by way of issuance of listed, secured, non-convertible debentures on a private placement basis. Paisalo Digital Ltd. a day earlier (30 July 2025) had announced the listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) Due 2029—Paisalo Digital Limited on the 'Global Securities Market' of India International Exchange (IFSC) Limited. The listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) due in 2029 will be in effect from 31 July 2025 as per Paisalo Digital Limited. The company has issued .$50,000,000 at 7.5 percent. Secured Foreign Currency Convertible. Small-cap stock under ₹ 50, an NBFC Paisalo Digital opened at ₹ 31.08 on the BSE on Friday. At the time of opening, the Paisalo Digital share price was almost flat compared to the previous day's closing price of ₹ 31.09. The small-cap stock under ₹ 50: The NBFC Paisalo Digital share price, however, gained further to ₹ 31.64, which translated into gains of almost 1%. Notably the gains for Paisalo Digital share price was on a day when the Indian stock market remained weak and the benchmark S&P BSE Sensex corrected 0.3-0.4%. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
31-07-2025
- Business
- India.com
This company lists 7.5 percent foreign bonds on India International Exchange
Home Business This company lists 7.5 percent foreign bonds on India International Exchange – Check details here This company lists 7.5 percent foreign bonds on India International Exchange – Check details here Earlier, the non-banking financial company raised the first tranche of USD 50 million through the issuance of secured foreign currency convertible bonds (FCCBs). 25 महीने में करोड़पति बन गए निवेशक Paisalo Digital's stock saw a slight decline on Thursday, July 31, 2025. It fell from Rs 31.30 to Rs 31.17. However, the company's stock is still trading about 6 per cent above its 52-week low of Rs 29.40. The company's 52-week high was Rs 71.40. According to stock exchange filings, Paisalo Digital has listed its 7.5 per cent foreign bonds (FCCB) on the India International Exchange (India INX). These bonds will mature in December 2029 and their total value is $50 million. This listing has given the company a new way to raise money from international investors. Equilibratedventure CFLOW (P) Ltd., a unit of the company's promoter group, recently bought 74.7 lakh shares. This clearly shows that the promoters themselves are confident about the company's future and are betting on its future growth. In the June quarter, Paisalo Digital earned Rs 218.7 crores, which is the highest ever. The company added 15 lakh new customers in a single quarter and now its customer base has crossed 1.1 crores. This clearly shows that the company is rapidly expanding its reach across the country. The company has performed well in giving small loans. This has also increased the company's earnings. The company's interest income has increased by 20 per cent. Along with this, the company has also increased its branches to 401. In collaboration with SBI, the company is also focusing on giving more loans to small businesses. Earlier, the non-banking financial company raised the first tranche of USD 50 million through the issuance of secured foreign currency convertible bonds (FCCBs). This was the first event of FCCB issuance from Paisalo Digital Ltd was executed following applicable external commercial borrowing (ECB) guidelines prescribed by the Reserve Bank, the NBFC said in a release. The company aims to raise up to USD 75 million through FCCBs in one or more tranches. The issuance of FCCBs aims to fortify the company's capital base, borrowing profile and support its ongoing business initiatives. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on
Mint
31-07-2025
- Business
- Mint
LIC-owned NBFC stock rebounds following stock market recovery
Shares of Paisalo Digital saw a recovery after experiencing a drop of more than 2% during Thursday's trading session, amid market volatility. Technical experts believe that Paisalo Digital shares have seen no major traction and continue to trade flat. For the past four months, the 29.5 to 30 zone has acted as a strong base. On the flip side, 34 is the key resistance, followed by 36. A sustained move beyond 36 is needed to trigger positive momentum. Paisalo Digital shares today, opened at ₹ 31.11 apiece on the BSE, the stock touched an intraday low of ₹ 30.49 per share, and an intraday high of ₹ 31.50 apiece. Recently, the 7.5 percent Foreign Currency Convertible Bonds (FCCBs) of the non-banking financial company (NBFC), amounting to USD 50 million, have now been officially listed on the 'Global Securities Market' of the India International Exchange (IFSC) Limited, effective July 31, 2025. These bonds were originally issued on December 10, 2024, with a coupon rate of 7.50 percent and a maturity date set for December 10, 2029. This listing allows these debt securities to be traded on the India INX platform, providing investors with a new opportunity to engage with Paisalo Digital's financial instruments, with GLAS Trust Company LLC serving as the trustee.
India.com
07-07-2025
- Business
- India.com
Kellton Tech shares in action as company approves allotment of shares
Stock market- File image- For Representational purpose Shares of Kellton Tech Solutions Ltd gained today even as the market traded lower amid global volatility. The share opened at Rs 135.75 on the BSE against the previous close of Rs 134.90. It jumped further to touch the high of Rs 141.95. This is a gain of 5.23 per cent from the last closing price. The scrip has been gaining for the last three days and has jumped 7.59 per cent. Technically, the stock is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. What's Behind The Rally The rally in the stock is a result of the company's strategic decisions. The Members of the Security Issuance Committee have approved the allotment of 11,26,580 equity shares of face value of Rs 5 each against the conversion of Foreign Currency Convertible Bonds(FCCBs) issued by the company. Post this, the paid-up equity share capital of the company has increased from Rs 48,75,69,670 to a promising Rs 49,32,02,570, indicating significant growth. Share Price History The stock has given a return of 88.88 per cent in two years and 93.58 per cent in three years. However, it has corrected 11.52 per cent so far this year. The stock has a 52-week high of Rs 184.30 and a 52-week low of Rs 95.05. Stock Market Today Benchmark indices Sensex and Nifty declined in early trade on Monday amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows. Volatile trends engulfed markets during the early trade amid concerns surrounding the US-India trade deal, experts said. The US tariff deadline on July 9 is a significant event for global markets, including India. The potential impact of this deadline on trade relations and market sentiment could be influencing the current market trends. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US. With PTI inputs
