Paisalo Digital Limited has informed the Exchange regarding Outcome of Committee Meeting held on Jun 24, 2025.
PAISALO · price
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Paisalo Digital's Operations and Finance Committee approved the allotment of 600 listed Commercial Papers (CPs) of face value Rs. 5 lakh each, aggregating Rs. 30 crore, to State Bank of India via private placement. The CPs carry a yield of 11.00%, issued at a discount price of Rs. 4,86,653.50 per unit, and have a short tenure of 91 days maturing on September 23, 2025. The company has also approved a broader plan to issue CPs up to Rs. 480 crore in one or more tranches. IDBI Bank is the Issuing and Paying Agent for the issuance.
This is a routine short-term borrowing move (CP) to raise Rs. 30 crore from a strong institutional lender (SBI) at a market-rate yield of 11%, with no equity dilution. Shareholders are not directly affected, but it shows the company is actively managing short-term funding needs.