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    LIC-Backed NBFC Rises on Rs 50 Crore NCD Fundraising Despite Broader Market Weakness

    Shares of Paisalo Digital gained over 1.5% intraday on Tuesday after the LIC-backed small-cap NBFC announced plans to raise ₹50 crore via non-convertible debentures (NCDs). The move comes amid broader market softness and follows a significant correction in the stock over the past year.
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    Shares of Paisalo Digital Ltd, a small-cap non-banking financial company (NBFC) backed by Life Insurance Corporation of India (LIC), edged up over 1.5% on Tuesday after the company’s board approved a ₹50 crore fundraising through privately placed non-convertible debentures (NCDs).
    The stock rose 1.59% to ₹31.30 apiece on the BSE, even as Indian benchmark indices remained under pressure.

    https://www.timesnownews.com/business-economy/companies/lic-backed-nbfc-rises-on-rs-50-crore-ncd-fundraising-despite-broader-market-weakness-article-152412229

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