Paisalo Digital jumps on getting term loan of Rs 75 crore from Canara Bank

Paisalo Digital is currently trading at Rs. 57.00, up by 1.12 points or 2.00% from its previous closing of Rs. 55.88 on the BSE.

The scrip opened at Rs. 55.90 and has touched a high and low of Rs. 57.00 and Rs. 54.97 respectively. So far 1829 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.20 on 27-Oct-2022 and a 52 week low of Rs. 54.97 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 59.40 and Rs. 54.97 respectively. The current market cap of the company is Rs. 2559.43 crore.

The promoters holding in the company stood at 45.92%, while Institutions and Non-Institutions held 33.05% and 21.03% respectively.

Canara Bank has disbursed Rs 75 crore as term loan for 5 years to Paisalo Digital inter alia for onward lending. This disbursement will help the Company to achieve its growth plans. Earlier, the company had entered into a Co-Lending Loan Agreement with Karnataka Bank.

Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.

Leave a Reply

Your email address will not be published. Required fields are marked *