This company witnesses massive gains after approving raising funds

India.com

25-06-2025

Stock market- File image- For Representational purpose
Shares of LIC-owned non-banking financial company (NBFC) Paisalo Digital gained over 5 per cent on Wednesday, June 25, 2025. The action in stock price comes as the the company informed exchanges that its board has approved raising funds.
The counter started the trading session in green at Rs 30.69 on the BSE against the previous close of Rs 30.29. It continued the upward momentum and touched a high of Rs 31.88 – a gain of 5.24 per cent from the last close.
Similarly, the stock started the session at Rs 30.40 on the NSE against the previous close of Rs 30.24. It gained to touch the intraday high of Rs 31.89.
The stock hit its 52-week high of Rs 82 on July 12, 2024, and its 52-week low of Rs 29.38 on June 20, 2025. The company's market cap is Rs 2,803 crore.
Approves Allotment Of 600 Listed Commercial Papers
The NBFC has approved a RS 480 crore fundraising allocation via commercial papers, a move that is expected to bolster the company's financial position and potentially drive further stock gains.
According to the information shared, the company has also approved allotment of 600 listed commercial papers with a face value of Rs 5 lakh each. These commercial papers, which are essentially short-term debt instruments, will be used to fund the company's various operations and initiatives.
'Approved the allotment of 600 Listed Commercial Papers (CPs) of the Face Value of Rs. 5,00,000/- (Rupees Five Lakh) each aggregating of ₹30,00,00,000/- (Rupees Thirty Crores only) through Private Placement basis,' the company said in an exchange filing.
Paisalo undertakes transactions worth over Rs 3,400 crore in 2 years
Paisalo Digital recently said it has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore.
This has been achieved within two years, a testament to its strong network of business correspondents and collaborations with prominent banking partners, including State Bank of India (SBI) and Bank of India, Paisalo Digital said in a statement.
It demonstrates the company's unwavering commitment towards financial inclusion by leveraging technology and robust partnerships with leading financial institutions to provide seamless banking facilities to India's under-banked population, it said.
With PTI inputs