Paisalo Digital Limited — Important, 19-03-2025: Committee Meeting Updates
19-03-2025 · 11:27 am
Paisalo Digital Limited’s Operations and Finance Committee has approved the allocation of Commercial Papers (CPs) worth up to ₹90 Cr through private placement, including the allotment of 600 listed CPs valued at ₹30 Cr, each with a face value of ₹5 Lakh. These CPs, yielding 11%, are set to mature in 91 days. The allotment was made to the State Bank of India, with the issue price marked at ₹4,86,653.50. This move strengthens the company's short-term funding while potentially enhancing liquidity and investor confidence, positioning Paisalo favorably in the market.
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