Latest news with #LIC-owned
Mint
03-06-2025
- Business
- Mint
LIC-owned NBFC to be in focus on Wednesday after allotment of NCDs worth ₹50 crore
Small-cap stock Paisalo Digital on Tuesday, 3 June 2025, announced that the company has allocated 5,000 non-convertible debentures (NCDs) of ₹ 1 lakh each through a private placement, according to the exchange filing. The LIC-owned NBFC allotted 5,000 debentures with a face value of ₹ 1 lakh apiece, marking the corporate action at ₹ 50 crore for the tenure of 24 months. The company is giving a coupon rate of 10 per cent p.a. with a monthly payment frequency. According to the BSE filing, the date of the one-time payment on maturity will be 3 June 2027, when the debentures are redeemed. Non-convertible debentures are debt instruments that a company uses to raise funds from investors. The entity raising the funds offers a fixed rate of interest over a set tenure. However, these NCDs can not be converted into equity shares of the company. In case of a delay in payment from the company's end, the lenders will receive an additional interest rate of 2 per cent per year. A delay will be accounted for when the payment of the interest or the principal is not carried out for more than three months, according to the filing data. Paisalo Digital shares closed 2.07 per cent lower at ₹ 31.16 after Tuesday's stock market session, compared to ₹ 31.82 at the previous market close. The company announced the update during the afternoon session of the Indian stock market on 3 June 2025. Paisalo Digital shares have given stock market investors more than 230 per cent returns on their investment in the last five years. However, the stock lost 52.40 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares were down 36.93 per cent in 2025. Shares hit their 52-week high level at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.75 on 7 April 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,811 crore as of the stock market close on 3 June 2025.
Mint
03-06-2025
- Business
- Mint
LIC-owned NBFC to be in focus on Wednesday after allotment of NCDs worth ₹50 crore
Small-cap stock Paisalo Digital on Tuesday, 3 June 2025, announced that the company has allocated 5,000 non-convertible debentures (NCDs) of ₹ 1 lakh each through a private placement, according to the exchange filing. The LIC-owned NBFC allotted 5,000 debentures with a face value of ₹ 1 lakh apiece, marking the corporate action at ₹ 50 crore for the tenure of 24 months. The company is giving a coupon rate of 10 per cent p.a. with a monthly payment frequency. According to the BSE filing, the date of the one-time payment on maturity will be 3 June 2027, when the debentures are redeemed. Non-convertible debentures are debt instruments that a company uses to raise funds from investors. The entity raising the funds offers a fixed rate of interest over a set tenure. However, these NCDs can not be converted into equity shares of the company. In case of a delay in payment from the company's end, the lenders will receive an additional interest rate of 2 per cent per year. A delay will be accounted for when the payment of the interest or the principal is not carried out for more than three months, according to the filing data. Paisalo Digital shares closed 2.07 per cent lower at ₹ 31.16 after Tuesday's stock market session, compared to ₹ 31.82 at the previous market close. The company announced the update during the afternoon session of the Indian stock market on 3 June 2025. Paisalo Digital shares have given stock market investors more than 230 per cent returns on their investment in the last five years. However, the stock lost 52.40 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares were down 36.93 per cent in 2025. Shares hit their 52-week high level at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.75 on 7 April 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,811 crore as of the stock market close on 3 June 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
22-04-2025
- Business
- Mint
LIC-owned NBFC stock to declare Q4 results, final dividend for FY25 on THIS date; stock up 8% in 5 sessions
Paisalo Digital Q4 Update: Paisalo Digital announced on Tuesday, April 22, that it will conduct its board meeting on Friday, May 9, 2025, to declare its January-March quarter results for fiscal 2024-25 (Q4FY25). The LIC-owned non-banking financial company (NBFC) also announced that it will consider a final dividend for FY25 and fundraise via non-convertible debentures on May 9. "…This is to inform you that a meeting of the Board of Directors of Paisalo Digital Limited is scheduled to be held on Friday, May 09, 2025, inter alia: a) To consider and approve the standalone and consolidated Audited Financial Results/Statements of the Company for the fourth quarter and financial year ended March 31, 2025. b) To consider and recommend the final dividend, if any, on fully paid equity shares of the company for the financial year ended March 31, 2025. c) To consider the issue of Non-Convertible Debentures on Private Placement basis. Further, as per the Company's Code of Conduct for Prohibition of Insider Trading formulated and adopted under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 to regulate, monitor and report trading by the insiders, the Trading Window for dealing in the securities of the Company is closed with effect from April 1, 2025 and shall remain closed till 48 hours after the financial results and outcome of the aforesaid Board meeting are made public. First Published: 22 Apr 2025, 08:26 PM IST
