Paisalo Digital Limited has informed the Exchange regarding Outcome of Committee Meeting held on Jun 03, 2025.
PAISALO · price
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Paisalo Digital Limited has allotted 5,000 secured, listed, senior, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis at a face value of Rs 1 lakh each, aggregating to Rs 50 crore. The NCDs carry a coupon of 10.00% per annum, paid monthly, and have a tenure of 24 months with maturity on June 03, 2027. The instrument is secured by a first-ranking pari-passu charge on the company's loan receivables, with asset cover maintained at 1.10 times the outstanding principal. In case of default, interest would step up to 12.00% per annum.
The Rs 50 crore NCD raise at 10% through private placement helps Paisalo diversify its borrowing mix and lock in medium-term funding. For shareholders, the steady coupon payment and strong security cover suggest manageable debt servicing, though overall leverage rises modestly.