Browsing: LIC

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.

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.