31-07-2025
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.
