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Paisalo Digital informs about outcome of board meeting

22 Feb 2024 Evaluate
Paisalo Digital has informed that the Board of Directors (the “Board”) of the Company, in its meeting held today i.e., February 22, 2024 (commenced at 10:30 A.M. and concluded at 10:52), has approved: a) raising of funds by way of issuance of such number of equity shares having face value of ? 1 each of the Company (Equity Shares), for an aggregating amount up to Rs. 12600 Million by way of Qualified Institutional Placement (QIP) under Chapter VI of SEBI ICDR Regulations in accordance with the applicable laws, subject to the receipt of necessary regulatory / statutory approvals, as may be required, and the approval of the shareholders of the Company; b) for the purpose of giving effect to the above, the constitution of the ‘QIP Fund Raising Committee’ and authorized such committee to decide the terms and conditions of the proposed fund-raising for issue and allotment of equity shares and/or other convertible securities, pursuant to the proposed fund raising. c) Postal Ballot Notice for seeking approval of the Shareholders of the Company on the matter mentioned above in para (a). Details regarding the proposed fund raising, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI circulars SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11th July, 2023 and SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th July, 2023 are provided as Annexure-A. This intimation shall also be available on the Company’s website at www.paisalo.in.

The above information is a part of company’s filings submitted to BSE.

Paisalo Digital Share Price

43.55 -0.26 (-0.59%)
20-Apr-2026 11:57 View Price Chart
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