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Stock Soars as Paisalo Digital Eyes NCD Fundraise
16 Mar
Summary
- Paisalo Digital's board will meet March 18, 2026, to discuss NCD fund-raising.
- The company's net profit rose 6.13% to Rs 66.26 crore in Q3 FY26.
- Revenue from operations increased by 17.82% to Rs 240.05 crore in Q3 FY26.
Paisalo Digital's stock experienced a notable increase, climbing 13.48% to Rs 35.27 per share. This surge followed news that the company's board is set to convene on March 18, 2026. The primary agenda for this meeting will be to consider a proposal for raising capital.
The proposed fundraising mechanism involves issuing non-convertible debentures (NCDs) through private placement. This strategic financial move aims to bolster the company's capital base.
This development comes after a strong financial quarter for the non-banking finance company (NBFC). In Q3 FY26, Paisalo Digital announced a 6.13% rise in its consolidated net profit, reaching Rs 66.26 crore. Correspondingly, revenue from operations saw a substantial increase of 17.82%, totaling Rs 240.05 crore for the same period, compared to Q3 FY25.
