Paisalo Digital Limited — Important, 11-12-2024: Committee Meeting Updates

Paisalo Digital Limited has announced a board meeting to approve the issuance of Commercial Papers (CPs) with a face value of ₹5,00,000 each, totalling up to ₹90 crore via private placement. The board has sanctioned the allotment of 600 CPs, amounting to ₹30 crore, primarily to the State Bank of India, offering a yield of 10.95% and a maturity of 91 days. This issuance is a strategic move to bolster liquidity and finance operational expansions, which may positively influence investor sentiment by demonstrating proactive financial management and commitment to growth.