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Paisalo Digital planning to raise funds via NCDs

27 May 2020 Evaluate

Paisalo Digital is considering raising funds including issue of Redeemable Non-Convertible Debentures (NCDs) on private placement basis. A meeting of Board of Directors of the company is scheduled to be held on May 30, 2020, to consider and approve 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.

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