Paisalo Digital to raise Rs 480 crore through commercial papers
The board has also approved the allotment of 600 listed Commercial Papers of the face value of Rs 5 lakh each aggregating of Rs 30 crore through private placement basis
Paisalo Digital’s Operations and Finance Committee of Board of Directors has approved the allocation of commercial papers in one or more tranches aggregating upto Rs 480 crore on a private placement basis.
Additionally, it has approved the allotment of 600 listed commercial papers (CPs) of the face value of Rs 5 lakh each aggregating of Rs 30 crore through private placement basis. These CPs are allotted to State Bank of India and will be matured by September 23, 2025.
Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.
