Paisalo Digital Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 03, 2025.
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Awaiting price reaction for this filing.
Paisalo Digital has allotted 600 Commercial Papers (CPs) to State Bank of India through a private placement on July 03, 2025. The total face value of the issue is Rs. 30 crore, with each CP carrying a face value of Rs. 5 lakh. The CPs were issued at a discount (Rs. 4.90 lakh per unit) at a yield of 11.00% for a short tenure of 63 days, maturing on September 04, 2025. IDBI Bank acted as the Issue Paying Agent. This is a short-term money market instrument used by the company to raise funds quickly.
The company has raised short-term funding of Rs. 30 crore from a marquee public-sector bank at an 11% annualized yield. While the 11% borrowing cost is on the higher side, the very short 63-day maturity and SBI as the lender lend credibility. This is a routine treasury/funding activity and is unlikely to materially move the stock, though it confirms continued access to debt markets.