LIC-owned NBFC stock under ₹50 jumps 5% after promoter's stake raise, ₹50 crore fundraise

Stock Market Today: LIC-owned NBFC stock under ₹50 jumped 5% during the intraday trade on Thursday following an increase in stake by the promoter of the company and a ₹50 crore fundraise.

Paisalo Digital fund raise details

Paisalo Digital Intimated the exchange on September 10, 2025, about the allotment of secured non-convertible debentures. Paisalo Digital, in its release on the exchanges, said that the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited vide their resolution dated September 10, 2025, has allotted the debentures.

Paisalo Digital said that NCDs shall be secured by way of a first ranking charge on loan receivables (“Hypothecated Receivables”) to maintain the value of security at all times equal to 1.10 times (One Decimal One Zero times) the aggregate amount of principal outstanding of the NCDs.

The types of securities being issued as per Pasalo Digital are Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (“NCDs” or “Debentures”).

While the face value of NCDs is ₹1 lakh each, the total number of securities allotted is 5000. The tenure of the instrument is 36 months, while the date of allotment is 10 September 2025.

The coupon or the interest offered on these NCDs by Paisalo Digital is 10%.

Paisalo Digital promoters raise stake

As per Paisalo Digital's disclosure on the exchange on September 11, Equilibrated Venture Cflow Private Limited, a promoter group company, acquired 4500000 shares, taking total holdings to 63941446 shares or 18.17% holding compared to 17.67% earlier before the acquisition of shares.

Paisalo Digital share price movement

Paisalo Digital share price opened at ₹37 on the BSE on Thursday. At the time of opening, LIC-owned NBFC stock under ₹50 was slightly higher compared to Wednesday's closing price of ₹36.93.

The small-cap NBFC stock, thereafter, gained momentum and touched an intraday high of ₹39.45, which meant gains of almost 5% during the intraday trade on Thursday.

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