SBI Life-backed non-banking finance company Paisalo Digital has announced the issuance of two non-convertible debenture (NCD) tranches worth ₹75 crore each, according to an exchange filing on October 30.
The company stated that the Operations and Finance Committee of its Board of Directors approved the NCD issuance in a meeting held on Thursday, October 30, 2025.
🔹 NCD Issue Details
The first tranche will comprise up to 7,500 unsecured NCDs with a face value of ₹1 lakh each, carrying a coupon rate of 8.45%. The total issue size is ₹75 crore, including a base issue of ₹25 crore and a greenshoe option to retain oversubscription of up to ₹50 crore.
The second tranche also involves 7,500 unsecured NCDs of ₹1 lakh each, with a slightly higher coupon rate of 8.50%. It mirrors the same base and oversubscription structure, taking the total issue size to another ₹75 crore.
Both issues are proposed to be listed on the BSE, with November 6 set as the allotment date.
- The first issue (8.45%) will have a two-year tenure, redeemable after two years from allotment.
- The second issue (8.50%) will have a three-year tenure, redeemable after three years.
- Interest (coupon) will be paid annually.
- In case of delayed payment of interest or principal, Paisalo Digital will pay an additional 2% per annum over the coupon rate.
📉 Paisalo Digital Share Price Performance
Shares of Paisalo Digital traded weaker on Thursday, slipping nearly 0.5% to ₹38.38, in line with a subdued broader market trend.
So far in 2025, the stock has fallen 22%, though it has rebounded 23% in the past three months.
🏦 Shareholding Update
As of the September 2025 quarter, SBI Life Insurance held a 6.83% stake in Paisalo Digital, lower than its 8.96% holding in the June quarter.
Meanwhile, LIC — which owned 1.12% as of June 2025 — no longer appears among the company’s top shareholders, indicating that the insurer may have exited or its stake dropped below 1%.
Under SEBI disclosure norms, companies must list only those shareholders holding 1% or more of their equity.
⚠️ Disclaimer:
This article is for informational purposes only and should not be construed as investment advice. Investors are advised to consult a qualified financial advisor before making any investment decisions. The author or publisher assumes no responsibility for financial losses arising from actions based on this content.
