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Paisalo Digital gains on raising funds via NCDs

24 Feb 2020 Evaluate

Paisalo Digital is currently trading at Rs. 270.00, up by 0.40 points or 0.15% from its previous closing of Rs. 269.60 on the BSE.

The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 270.20 and Rs. 270.00 respectively. So far 8 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 470.90 on 05-Nov-2019 and a 52 week low of Rs. 201.90 on 04-Feb-2020.

Last one week high and low of the scrip stood at Rs. 280.00 and Rs. 260.90 respectively. The current market cap of the company is Rs. 1141.89 crore.

The promoters holding in the company stood at 46.07%, while Institutions and Non-Institutions held 29.07% and 24.86% respectively.

Paisalo Digital has raised funds by allotment of Nine Unlisted Unsecured Unrated 12% Non-Convertible Debentures (NCDs) of face value of Rs 1 crore on private placement basis. The Operations and Finance Committee of the company in its meeting held on February 24, 2020 approved the same.

Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.

Peers
Company Name CMP
Bajaj Finance 1009.00
Shriram Finance 1006.00
Aditya Birla Capital 396.95
Tata Capital 341.00
Chola Invest & Fin. 1761.00
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