Paisalo Digital Limited , a prominent player in the financial services sector, has taken a significant step to bolster its capital structure. The company's Operations and Finance Committee has given the green light for the issuance of unsecured non-convertible debentures (NCDs) worth Rs 75 crores.

Key Details of the NCD Issuance

Security and Structure

Despite being categorized as unsecured, the NCDs will be backed by a charge on the company's loan receivables. Paisalo Digital has committed to maintaining the value of this security at 1.10 times the outstanding principal amount of the NCDs at all times, providing an additional layer of assurance to potential investors.

Issue Composition

The NCD issuance is structured with a base issue of Rs 25.00 crores and includes a green shoe option of up to Rs 50.00 crores, allowing for oversubscription. This flexible structure enables Paisalo Digital to potentially raise the full Rs 75.00 crores if investor interest is strong.

Listing and Compliance

In line with regulatory requirements, Paisalo Digital intends to list these NCDs on the BSE Limited, enhancing their liquidity and tradability in the secondary market.

Investor Considerations

For potential investors, it's worth noting that while the NCDs offer a coupon rate of 8.50% per annum, they come with a provision for a 2% increase in the interest rate in case of any delay in payment of interest or principal.

This move by Paisalo Digital to raise funds through NCDs suggests a strategic approach to capital management. As always, investors are advised to conduct their own due diligence and consider their risk appetite before making investment decisions.

Paisalo Digital , a digital lending company, has seen a significant increase in its promoter group's stake through open market transactions. The promoter group has increased their shareholding to 41.75%, demonstrating continued commitment to the company's growth trajectory.

Stake Increase Details

The promoter ownership has steadily risen from approximately 26% in FY19 to 37% in FY25, and now to 41.75%. This increase has been achieved through open-market acquisitions.

Previous Transaction Details

Prior to this latest increase, a promoter entity, Equilibrated Venture C Flow (P) Ltd., had acquired additional shares, resulting in a marginal increase in its shareholding:

These transactions were executed in the open market.

Impact on Shareholding Structure

Following the recent acquisitions, the promoter group's total shareholding in Paisalo Digital has significantly increased from the previously reported 20.5343% to the current 41.75% of the company's total equity capital.

Company Overview

Paisalo Digital's total equity share capital remains unchanged at Rs. 90,95,21,874, divided into 90,95,21,874 equity shares of Re. 1 each.

The substantial increase in promoter shareholding may be seen as a positive signal, indicating the promoters' confidence in the company's future prospects and growth potential.