7 days ago
Paisalo Digital raises Rs 50 crore via private placement of NCDs at 10% annual interest
Paisalo Digital Limited has announced the allotment of 5,000 secured, rated, listed, senior, redeemable, and taxable non-convertible debentures (NCDs) through private placement. Each NCD has a face value of Rs 1 lakh, aggregating to a total issuance of Rs 50 crore.
The debentures carry an interest rate of 10% per annum, with monthly coupon payments. The tenure of the instrument is 24 months, with the maturity date set for June 3, 2027. Redemption of the principal will be made in a single payment at maturity.
These NCDs are secured by a first-ranking pari-passu charge on loan receivables (hypothecated receivables), ensuring the value of security remains at least 1.10 times the principal outstanding.
In the event of a delay in payment of interest or principal beyond three months from the due date, an additional interest of 2% per annum over the coupon rate will be applicable.
The allotment was approved by the Operations and Finance Committee of the Board of Directors on June 3, 2025.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
