This LIC-backed NBFC to contemplate allotment of non-convertible debentures quickly – Verify particulars
Earlier, the corporate stated that it had raised the primary tranche of USD 50 million via the issuance of secured overseas forex convertible bonds (FCCBs).
Non-banking monetary firm (NBFC) Paisalo Digital Ltd has introduced that its operations and finance committee will take into account the allotment of non-convertible debentures (NCDs) via non-public placement. In accordance with data shared with exchanges, the assembly is scheduled to be held on June 3, 2025. The NBFC is backed by LIC and it holds 1.9 per cent stake within the firm. Additionally, SBI Life Insurance coverage holds 9.4 per cent.
Quarterly Outcomes
Within the fourth quarter of the monetary yr 2024-25, the corporate reported a web revenue of Rs 46.29 crore, up 26 per cent from Rs 36.61 crore in the identical quarter a yr in the past. The corporate’s web revenue for the complete yr stood at Rs 200.12 crore, a 12 per cent year-on-year progress.
The corporate additionally stated that its board has really useful a ultimate dividend of 10 per cent i.e. RS 0.10 per fairness share with a face worth of Re 1 every for the monetary yr 2024-25.
Raised First Tranche Of USD 50 Million
Earlier, Paisalo Digital stated that it had raised the primary tranche of USD 50 million via the issuance of secured overseas forex convertible bonds (FCCBs).
This was the primary occasion of FCCB issuance from Paisalo Digital Ltd. The corporate stated it will be executed following relevant exterior industrial borrowing (ECB) pointers prescribed by the Reserve Financial institution, the NBFC stated in a launch.
The corporate goals to lift as much as USD 75 million via FCCBs in a number of tranches.
The issuance of FCCBs goals to fortify the corporate’s capital base, borrowing profile and help its ongoing enterprise initiatives.
“The issuance of our first FCCB marks a pivotal step in bolstering our borrowing profile and accelerating progress,” stated Santanu Agarwal, Deputy Managing Director of Paisalo Digital.
Paisalo stated it has thus far serviced over 65 lakh prospects and has 3,275 contact factors throughout 22 states within the nation.
(This text is for informational functions solely and shouldn’t be construed as funding, monetary, or different recommendation.)
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