a day ago
This ace investor increases stake in LIC-backed NBFC stock
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल
Ace investor Nimisha Pandey has increased her stake in LIC-backed Paisalo Digital Limited to 5.18 per cent through an open market acquisition. This involved purchasing 43,15,000 shares, bringing her total holding to 4,67,32,362 shares.
Previously, Nimisha Pandey held 4,24,17,362 shares, representing 4.70 per cent of the company's total share/voting capital. The shares of Paisalo Digital Limited are listed on both the National Stock Exchange of India Limited and BSE Limited. Nimisha Pandey is identified as an acquirer, acting in concert, and is not part of the Promoter/Promoter group.
Additionally, the company's Operations and Finance Committee approved the allotment of 3,400 Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rupees One Lakh, resulting in a total issuance of Rs 340,000,000.
These debentures carry a coupon interest rate of 9.75 per cent per annum, payable quarterly, and have a tenure of 36 months. The NCDs are secured by a first-ranking pari-passu charge on loan receivables, maintaining a security cover of 1.10 times the outstanding principal. In case of a delay in interest or principal payment exceeding three months, the default interest rate will be the coupon rate plus 2 per cent per annum.
