Archive · 3 Jun 2025
Paisalo Digital Allots NCDs, Offering 10% Interest, 24-Month Tenure
Imagine a company called Paisalo Digital that helps people with money.
They just issued something like special IOUs called NCDs.
They gave out 5,000 of these, and each one is worth Rs 1 lakh.
These NCDs will last for 24 months, and the company will pay 10% interest every year, split into monthly payments.
Big companies like LIC and SBI Life Insurance also own part of Paisalo Digital, which shows they are doing well.
Paisalo Digital has helped a lot of people by working with banks like SBI and Bank of India.
They aim to provide banking services to those who may not have access.
Paisalo Digital, an NBFC, has allotted 5,000 non-convertible debentures (NCDs).
Each NCD has a face value of Rs 1 lakh.
The NCDs have a tenure of 24 months.
The coupon/interest rate is 10% per annum, paid monthly.
LIC and SBI Life Insurance hold stakes in the NBFC.
- Who
- Paisalo Digital, an LIC-backed NBFC.
- What
- Paisalo Digital allotted 5,000 NCDs.
- When
- Announced recently
- Where
- Mumbai
- Why
- To raise capital through the allotment of NCDs.
- Company
- Paisalo Digital
- NCDs Allotted
- 5,000
- Face Value per NCD
- Rs 1 lakh
- Tenure
- 24 months
- Interest Rate
- 10% per annum
- Coupon Payment Frequency
- Monthly