Paisalo Digital Share Price Rises After Board Approves ₹50 Crore NCD Issue

Paisalo Digital, an NBFC backed by LIC, saw its share price rise by 2.28% on September 10. The stock opened at ₹37.96 on NSE, up from the previous close of ₹37.64, and hit an intraday high of ₹38.20.

NCD Allotment Details

The company’s board approved the allotment of 5,000 non-convertible debentures (NCDs), each valued at ₹1 lakh, totalling ₹50 crore. These NCDs carry an annual interest of 10% and have a fixed tenure of 36 months (3 years).

Security Backing

According to the exchange filing, the NCDs will be secured by a first-ranking pari-passu charge on loan receivables. The value of this security will always remain at least 1.10 times the outstanding principal amount.

Earlier Announcement

The company had earlier announced on September 5 that its board would convene on September 10 to review and approve the NCD allotment via private placement.

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Recent Stake Acquisition

Separately, Sunil Agarwal of Equilibrated Venture Cflow (P) Ltd purchased 5,82,840 shares of Paisalo Digital on September 4, 2025. This increased the firm’s stake in the company to 16.82%, while the overall share capital remained unchanged at over ₹90.21 crore.

Conclusion

Paisalo Digital’s NCD issue strengthens its funding base with secured, fixed-rate borrowings. Coupled with rising institutional stake, these developments reflect growing investor confidence in the NBFC.

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