Paisalo Digital Limited — Important, 06-12-2024: Committee Meeting Updates

Paisalo Digital Limited has announced a board meeting to approve the allotment of USD 50 million in 7.5% Secured Foreign Currency Convertible Bonds (FCCBs) due 2029. These FCCBs will be convertible into fully paid-up equity shares at Rs. 45.33 per bond. Additionally, there’s an option to issue up to USD 25 million more within 60 days. This marks the company’s first FCCB issuance, reflecting strong interest from global investors. The funds raised will enhance Paisalo’s growth initiatives, aimed at improving access to financial solutions for India's under-banked population. This strategic move could positively influence investor sentiment by strengthening the company's financial profile and growth trajectory.