Paisalo Digital: NCD Allotment and Promoter Group Share Acquisition
Paisalo Digital Limited has raised Rs 50 crore by allotting 5,000 secured non-convertible debentures (NCDs) via private placement. The NCDs have a face value of Rs 1 lakh each, a coupon rate of 10% per annum payable monthly, and a tenure of 36 months. The debentures will be redeemed in 4 equal quarterly installments starting from the 9th quarter. Additionally, Equilibrated Venture Cflow, part of the promoter group, acquired 46,04,670 equity shares, increasing its stake from 17.16% to 17.67%.

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Paisalo Digital Limited , a prominent player in the financial services sector, has successfully raised Rs 50.00 crore through the allotment of secured non-convertible debentures (NCDs) via private placement. This strategic move aims to bolster the company's financial position and support its growth initiatives.
NCD Allotment Details
The Operations and Finance Committee of Paisalo Digital's Board of Directors approved the allotment of 5,000 secured NCDs. Key features of the NCD issue include:
Feature | Details |
---|---|
Face Value | Rs 1.00 lakh per NCD |
Total Issue Size | Rs 50.00 crore |
Coupon Rate | 10.00% per annum, payable monthly |
Tenure | 36 months |
Security | First ranking pari-passu charge on loan receivables |
Redemption Structure
The NCDs are structured with a balanced redemption plan:
- Redemption will occur in 4 equal quarterly installments
- Installments commence from the 9th quarter
- Debentures will be redeemed at par on maturity
Enhanced Security Measures
To ensure investor confidence, Paisalo Digital has implemented robust security measures:
- Maintenance of security value at 1.10 times the principal outstanding amount
- This over-collateralization provides an additional safety net for investors
Regulatory Compliance
In line with regulatory requirements, Paisalo Digital has promptly informed the BSE Limited and the National Stock Exchange of India Limited about this allotment, adhering to SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Promoter Group Share Acquisition
In a separate development, Equilibrated Venture Cflow (P) Ltd, a member of Paisalo Digital's promoter group, acquired 46,04,670 equity shares of the company through open market transactions. This acquisition increased Equilibrated Venture Cflow's shareholding in Paisalo Digital from 17.16% to 17.67% of the total voting capital.
Key details of the acquisition:
Detail | Value |
---|---|
Number of shares acquired | 46,04,670 |
Face value of shares | Re. 1 each |
Paisalo Digital's total equity share capital | Rs. 90,21,18,289 |
Paisalo Digital continues to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
These developments, including the successful NCD allotment and increased promoter group investment, demonstrate Paisalo Digital's strong financial management and market position in the financial services sector.
Historical Stock Returns for Paisalo Digital
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.89% | +10.73% | +22.20% | +3.19% | -39.55% | +72.09% |