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Paisalo Digital Cuts Debt Early

24 Jan

Summary

Paisalo Digital redeemed NCDs worth ₹1 crore ahead of schedule.
The redemption occurred nearly seven years before the 2033 maturity date.
This early repayment reduces the company's long-term debt obligations.

Paisalo Digital has successfully redeemed ₹1 crore of unlisted, unsecured redeemable non-convertible debentures (NCDs) by exercising a call option. This early repayment occurred seven years ahead of the instruments' scheduled maturity date of September 02, 2033.

The company informed exchanges on January 23rd about the redemption of 10 NCDs under Series PDL-09-2023. This action effectively reduces Paisalo Digital's long-term debt obligations ahead of schedule.

In a related development on January 6th, Paisalo Digital announced it had raised nearly ₹188.5 crore in Q3. This capital infusion is expected to lower the company's overall cost of funds and expand its lending capacity.

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