Paisalo Digital , a company listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited, has seen a significant increase in shareholding by its promoter group company, Equilibrated Venture Cflow (P) Ltd. The transaction, which took place on September 12, involved the acquisition of 45,00,000 equity shares of Paisalo Digital.

Transaction Details

The acquired shares have a face value of Re. 1 each, and the purchase was made in compliance with SEBI substantial acquisition regulations. Following this transaction, Equilibrated Venture Cflow's stake in Paisalo Digital has increased from 18.67% to 19.17%.

Shareholding Impact

Company Overview

Paisalo Digital maintains a total equity share capital of Rs. 90,21,18,289. This capital is divided into 90,21,18,289 equity shares, each with a face value of Re. 1.

Regulatory Compliance

The acquisition was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sunil Agarwal, Director of Equilibrated Venture Cflow (P) Ltd, signed the regulatory filing on September 15.

This strategic move by the promoter group company underscores their confidence in Paisalo Digital's future prospects and may be seen as a positive signal by market observers.

Paisalo Digital , a non-banking financial company (NBFC), has seen its promoter company increase its stake while reporting robust financial results for the first quarter.

Promoter Stake Increase

Equilibrated Venture Cflow (P) Ltd, the promoter company of Paisalo Digital, has acquired 45 lakh shares, raising its stake by 0.5% to 18.17%. This move demonstrates the promoter's confidence in the company's future prospects.

Q1 Financial Highlights

For the quarter ended June 30, Paisalo Digital reported:

• Consolidated net profit of Rs 47.00 crore, up 13.7% from Rs 41.00 crore year-over-year
• Total revenue increased by 17% to Rs 219.00 crore from Rs 187.00 crore
• Assets under management stood at Rs 5,203.00 crore
• Net worth reached Rs 1,575.00 crore
• Net Non-Performing Assets (NPA) at 0.68%
• Debt-to-equity ratio at 2.15

Financial Position

The company's balance sheet as of March shows:

The significant increase in total assets and the reduction in current liabilities indicate a strengthening financial position for Paisalo Digital.

Market Performance and Institutional Holding

Despite the positive financial results and increased promoter confidence:

• The stock has declined 37% over the past year
• Life Insurance Corporation of India (LIC) holds a 1.12% stake in the company

The contrast between the company's financial performance and its stock market performance suggests that investors may be factoring in broader market conditions or sector-specific challenges affecting NBFCs.

Paisalo Digital's strong financial results, coupled with the promoter's increased stake, may signal confidence in the company's business model and growth prospects. However, the stock's performance over the past year indicates that market sentiment remains cautious. Investors and analysts will likely keep a close eye on the company's future performance and any developments in the NBFC sector that could impact its growth trajectory.