Paisalo Digital, a non-banking financial company (NBFC) backed by the Life Insurance Corporation of India (LIC), has announced plans to raise up to ₹50 crore through the issuance of Non-Convertible Debentures (NCDs). The move was approved by the company’s Operations and Finance Committee during a meeting held on 15 May, as per a regulatory filing with the stock exchanges.
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LIC-Backed NBFC Paisalo Digital to Raise Rs 50 Crore via NCDs Amid Stock Rebound
LIC-owned Paisalo Digital has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹50 crore at a 10 per cent coupon rate, maturing in 24 months. Despite recent gains in May, the NBFC’s stock remains over 47 per cent down year-on-year.
