Paisalo Digital Limited approves fund raising through NCDs

The Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited ("Committee") at its meeting held today, i.e. Friday, December 8, 2023 has, approved issuance of upto 2,000 (Two Thousand) Secured, Rated, Listed, Redeemable, Non-Convertible Debentures, each having face value of Rs. 1,00,000/- (Rupees One Lakh) aggregating upto Rs. 20,00,00,000/- (Rupees Twenty Crore) including Rs. 5,00,00,000/- (Rupees Five Crore) through 'Green Shoe Option', on a private placement basis.

The board approved issuance of upto 465 (Four Hundred and Sixty Five) Unsecured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures, each having face value of Rs. 10,00,000 (Rupees Ten Lakh) aggregating upto Rs. 46,50,00,000/- (Rupees Forty Six Crore Fifty Lakh) on a private placement basis and approved the part redemption, by opting call option, of Unsecured Unlisted Redeemable Non-Convertible Debentures (Series- PDL-09-2-2021) having aggregate value of Rs. 2 crore, issued on September 27, 2021 (actual maturity date September 26, 2026).

Source : Equity Bulls

Keywords

PaisaloDigital NCDs FundRaising