Latest news with #PaisaloDigitalLimited
India.com
20 hours ago
- Business
- India.com
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.
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.
Business Upturn
21-07-2025
- Business
- Business Upturn
Paisalo Digital Q1 results: Revenue rises 17% YoY to Rs 218.7 crore, Net profit up 14% YoY
Paisalo Digital Limited reported a strong financial performance for the quarter ended June 30, 2025 (Q1 FY26), achieving its highest-ever total income and crossing a significant milestone of 11 million customers. For Q1 FY26, the company's consolidated net profit increased 14% year-on-year (YoY) to ₹47.2 crore, compared to ₹41.5 crore in Q1 FY25. The company also reported a robust 17% YoY rise in total income to ₹218.7 crore, up from ₹186.6 crore last year. Net Interest Income (NII) rose by 20% YoY to ₹124.4 crore, from ₹103.5 crore in Q1 FY25. The company's Assets Under Management (AUM) stood at ₹5,230.2 crore, marking a 14% increase YoY. Disbursements grew 16% YoY to ₹758.1 crore during the quarter. In terms of asset quality, Paisalo Digital maintained healthy levels with Gross Stage 3 (GNPA) at 0.85% and Net Stage 3 (NNPA) at 0.68%, albeit slightly higher than the previous year. The collection efficiency remained high at 99.8%, underscoring the company's robust credit practices. Operational highlights: Return on Assets (RoA): 3.7% vs 4.0% YoY Return on Equity (RoE): 11.9% vs 12.0% YoY Net Worth: ₹1,574.6 crore, up 15% YoY Capital Adequacy Ratio: 39.5% (Tier 1: 30.4%) During the quarter, the company added approximately 1.5 million customers, bringing the total customer base to ~11 million, and expanded its footprint to 3,997 touchpoints across 22 states with 401 branches. It also extended its co-lending partnership with SBI to jointly fund MSME and SME loans, strengthening its inclusive growth initiatives. Deputy MD Santanu Agarwal commented, 'Q1 FY26 marks a good start to the year as we delivered our highest-ever total income and added 1.5 million customers in a single quarter. We remain focused on scaling responsibly, innovating continuously, and empowering millions more in the quarters ahead.' The company will host an earnings call on July 22, 2025, at 4:00 PM IST to discuss the results in detail. Disclaimer: The information provided is for informational purposes only and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Please consult a financial advisor or conduct your own research before making any investment decisions. Ahmedabad Plane Crash 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.
Business Upturn
03-06-2025
- Business
- Business Upturn
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. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments and corporate debt instruments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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.
