News India Live, Digital Desk: Small-Cap NBFC company Paisalo Digital Ltd, investing of large insurance companies like LIC and SBI Life, has decided to raise capital. The company is planning to raise around ₹ 2,700 crore. Giving information to the stock market, Paisalo Digital said that it will raise this amount by issuing equity shares, foreign exchange bonds or other securities.
Board meeting will be held on 8 April
It has been informed by the company that a board meeting will be held on 8 April. In this meeting, the company’s capital raising methods like equity share, preference allotment, private placement, qualified institutional placement (QIP) etc. will be considered.
LIC and SBI Life share
Paisalo Digital shares are included in the portfolio of LIC and SBI Life Insurance. LIC currently holds the company’s 1.17% stake (77,59,511 shares), while SBI Life holds 9.36% (6,21,14,267 shares). After the convertible securities completely replaced, LIC’s stake will decrease to 1.03% and SBI Life will be 8.26%.
Share market performance
On Friday, the stock of Paisalo Digital rose by 0.87%, and it closed at Rs 32.53. However, the company’s stock has fallen more than 6% in the last one month, while since the beginning of this year, there has been a decline of about 35%. On 2 May 2025, the company’s total market value was ₹ 2,923.77 crore.
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