Archive · 30 May 2025
Paisalo Digital Considers NCDs, Reports Strong Financial Performance
Imagine a company called Paisalo that helps people with money.
This company, which has support from big investors like LIC and SBI Life Insurance, is planning to issue some special bonds called NCDs.
They also made a lot of money recently, with profits going up.
Because they did well, they're giving a small reward, a dividend, to people who own the company's stock.
To get more money for its business, Paisalo also borrowed USD 50 million by issuing bonds that can be converted into shares later.
This helps the company grow and provide services to many people across the country.
Paisalo Digital Ltd. will consider allotting non-convertible debentures.
LIC and SBI Life Insurance hold stakes in the NBFC.
The company reported a 26% increase in Q4 net profit.
The board recommended a 10% final dividend.
The company raised USD 50 million via FCCBs in the first tranche.
- Who
- Paisalo Digital Ltd., an NBFC backed by LIC and SBI Life Insurance.
- What
- Paisalo Digital Ltd. to consider allotment of non-convertible debentures (NCDs) and has raised USD 50 million through foreign currency convertible bonds (FCCBs).
- When
- Meeting on NCDs is scheduled for June 3, 2025, and the FCCB issuance occurred earlier.
- Where
- Operations are across 22 states in India.
- Why
- To fortify capital, borrowing profile, and support ongoing business initiatives.
- Company
- Paisalo Digital Ltd
- LIC Stake
- 1.9%
- SBI Life Stake
- 9.4%
- Q4 Net Profit
- Rs 46.29 crore
- Full Year Net Profit
- Rs 200.12 crore
- Dividend
- 10% (Rs 0.10 per share)
- FCCB Raised (First Tranche)
- USD 50 million
- FCCB Target
- USD 75 million
- Customers Serviced
- Over 65 lakh
- Touch Points
- 3,275 across 22 states