LIC-owned small-cap non-banking financial company (NBFC, Paisalo Digital shares will be in the focus of stock market investors on Wednesday, 25 June 2025, after the company approved a ₹480 crore fundraising allocation via commercial papers on Tuesday, 24 June 2025, according to an exchange filing.
Paisalo Digital “approved the allocation of Commercial Papers (CPs) in one or more tranches aggregating up to ₹480,00,00,000 ( ₹470 crore) on a private placement basis,” as per the BSE filing.
As per the filing data, the company also approved the allotment of 600 listed commercial papers amounting to ₹30 crore via another private placement.
“Approved the allotment of 600 Listed Commercial Papers (CPs) of the Face Value of ₹5,00,000 ( ₹5 lakh) each aggregating of ₹30,00,00,000/- ( ₹30 crores) through private placement,” said the company in the filing.
Commercial papers are short-term unsecured debt instruments which are used by companies to raise funds in single or multiple tranches to fulfil their working capital needs or other commitments.
(This is a developing story. Please check back for updates.)
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