Paisalo Digital has raised Rs 46.50 crore through issuance of upto 465 Unsecured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs), each having face value of Rs 10,00,000 on a private placement basis. Tenure of instrument is 120 months and maturity of the said NCDs will be on December 08, 2033.
Besides, the company has received approval for issuance of upto 2,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs), each having face value of Rs 1,00,000 aggregating upto Rs 20 crore including Rs 5 crore through ‘Green Shoe Option’, on a private placement basis. The Operations and Finance Committee of the Board of Directors of the Company at its meeting held on December 8, 2023 has 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.
