LIC-Owned NBFC Paisalo Digital Redeems ₹30 Crore Commercial Papers; Stock Moves Above ₹33
In Wednesday’s early trading session, the stock of Paisalo Digital, an NBFC under ₹50 and backed by LIC, saw notable gains following a key financial update. The company confirmed the redemption of commercial papers worth ₹30 crore, an event that appears to have buoyed investor sentiment.
₹30 Crore Commercial Paper Redeemed
Paisalo Digital informed the exchanges that it has successfully redeemed commercial papers amounting to ₹30 crore. These papers matured on June 10, 2025, and the redemption took place on the same date. The securities were listed on the Bombay Stock Exchange, underscoring transparency in financial operations.
Recent Fundraising Activity
In early June 2025, Paisalo Digital also made headlines with a fund-raising initiative. The Operations and Finance Committee of its Board of Directors approved the allotment of Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) on June 3, 2025. Each NCD had a face value of ₹1 lakh, with a total of 5,000 instruments issued through private placement. These debentures have a tenure of 24 months, contributing to the company’s medium-term capital structure.
Stock Performance on June 11
Paisalo Digital’s stock opened at ₹32.73 on Wednesday, slightly lower than its previous close of ₹32.76. However, following the news of the commercial paper redemption, the stock showed positive movement. It climbed to an intraday high of ₹33.95, reflecting a gain of more than 3% during the morning trades.
This movement indicates renewed investor confidence backed by sound financial practices and transparency. Market watchers are likely to keep an eye on Paisalo Digital as it continues to manage its debt obligations while exploring new funding avenues.
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