Latest news with #LIC-owned
Mint
6 days ago
- Business
- Mint
LIC-owned NBFC stock Paisalo Digital jumps 10% despite weak Indian stock market. Do you own?
Shares of Paisalo Digital jumped over 10% in intraday trade on Thursday, extending their winning streak to the third straight session. The LIC-owned non-banking finance company (NBFC) defied the weak Indian stock market trend and surged following the announcement of the record date for the final dividend. The small-cap stock also remains in focus following the announcement of its Q1 results for the quarter ended June 30 earlier this week. The small-cap NBFC on Thursday announced that the company has fixed Monday, September 22, 2025, as the record date for determining the entitlement of members to the final dividend for the financial year ended March 31, 2025. The company, along with its March quarter earnings, in May had announced a dividend@10% of ₹ 0.10 apiece for fully paid equity share of ₹ 1/- each. The payment of the final dividend as recommended by the Board of Directors is subject to the approval of the shareholders in the ensuing 33rd Annual General Meeting scheduled to be held on Monday, September 29, 2025. Paisalo Digital, meanwhile, on Monday, July 21, announced a 13.5% year-on-year jump in its net profit to ₹ 47 crore for the first quarter of FY26, as against ₹ 41.5 crore in the same period last year. The company also posted a 17.2% YoY rise in total income at ₹ 218.71 crore, compared to ₹ 186.55 crore in Q1FY25. Interest income stood at ₹ 200.88 crore, marking a 21.7% growth from the year-ago figure of ₹ 165.09 crore. However, fee and commission income declined slightly to ₹ 17.37 crore from ₹ 20.06 crore. Small-cap stock below ₹ 50 – Paisalo Digital – jumped as much as 10.30% to ₹ 35.10 on the BSE. At the same time, the BSE Sensex was down almost 0.60%. This is the third straight session of gains for the LIC-owned NBFC stock, with the scrip rallying nearly 15% during this period. Paisalo Digital share price has gained in seven out of the last eight trading sessions, resulting in an 11% rise in July so far. LIC owns 77,59,511 shares of Paisalo Digital, representing a 1.12% stake as of the June 2025 quarter.
Mint
6 days ago
- Business
- Mint
LIC-owned NBFC stock Paisalo Digital jumps 9% despite weak Indian stock market. Do you own?
Shares of Paisalo Digital jumped 9% in intraday trade on Thursday, extending their winning streak to the third straight session. The LIC-owned non-banking finance company (NBFC) defied the weak Indian stock market trend and surged following the announcement of the record date for the final dividend.
India.com
25-06-2025
- Business
- India.com
This company witnesses massive gains after approving raising funds
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
Mint
24-06-2025
- Business
- Mint
LIC-owned NBFC stock to be in focus on Wednesday; Here's why
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. Paisalo Digital shares closed 2.71% higher at ₹ 30.29 after Tuesday's stock market session, compared to ₹ 29.49 in the previous market session. The company announced the allotment of the commercial papers during the stock market session on 24 June 2025. The shares of the LIC-owned small-cap NBFC have given stock market investors more than 175 per cent returns on their investment in the last five years. However, the shares have lost more than 60 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares are down 38.85 per cent. Paisalo Digital shares hit their 52-week high levels at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.40 on 20 June 2025, according to BSE data. The shares are currently trading above their 52-week low levels. The company's market capitalisation (M-Cap) stands at ₹ 2,732.52 crore as of the stock market close on Tuesday, 25 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
03-06-2025
- Business
- Mint
LIC-owned NBFC to be in focus on Wednesday after allotment of NCDs worth ₹50 crore
Small-cap stock Paisalo Digital on Tuesday, 3 June 2025, announced that the company has allocated 5,000 non-convertible debentures (NCDs) of ₹ 1 lakh each through a private placement, according to the exchange filing. The LIC-owned NBFC allotted 5,000 debentures with a face value of ₹ 1 lakh apiece, marking the corporate action at ₹ 50 crore for the tenure of 24 months. The company is giving a coupon rate of 10 per cent p.a. with a monthly payment frequency. According to the BSE filing, the date of the one-time payment on maturity will be 3 June 2027, when the debentures are redeemed. Non-convertible debentures are debt instruments that a company uses to raise funds from investors. The entity raising the funds offers a fixed rate of interest over a set tenure. However, these NCDs can not be converted into equity shares of the company. In case of a delay in payment from the company's end, the lenders will receive an additional interest rate of 2 per cent per year. A delay will be accounted for when the payment of the interest or the principal is not carried out for more than three months, according to the filing data. Paisalo Digital shares closed 2.07 per cent lower at ₹ 31.16 after Tuesday's stock market session, compared to ₹ 31.82 at the previous market close. The company announced the update during the afternoon session of the Indian stock market on 3 June 2025. Paisalo Digital shares have given stock market investors more than 230 per cent returns on their investment in the last five years. However, the stock lost 52.40 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares were down 36.93 per cent in 2025. Shares hit their 52-week high level at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.75 on 7 April 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,811 crore as of the stock market close on 3 June 2025.
