Paisalo Digital Limited’s board has approved a ₹75 crore Non-Convertible Debenture issuance at 8.45-8.50% coupon rates via private placement. This move strengthens the firm’s capital for future growth, reinforcing its position in the digital finance market
Paisalo Digital has received board approval to issue Non-Convertible Debentures (NCDs) worth up to ₹75 crore, featuring coupon rates between 8.45% and 8.50%. This strategic debt raising initiative through private placement aims to bolster the company’s capital base and support business expansion and liquidity needs.
Key Highlights:
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The board has sanctioned the issuance of up to ₹75 crore in NCDs, reflecting confidence in Paisalo’s funding strategy.
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Coupon rates of 8.45% and 8.50% suggest tranche-wise issuance, providing fixed income opportunities for investors.
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The NCDs are expected to be secured by loan receivables, ensuring investor protection.
This funding move follows Paisalo Digital’s recent financial activities, reinforcing its commitment to maintain a healthy capital structure.
The capital raise will help Paisalo's ongoing growth in the digital lending and financial services sector.
Sources: Reuters, NSE India, Paisalo Digital official filings