Paisalo Digital Ltd, a small-cap NBFC backed by LIC, has redeemed NCDs worth ₹12 crore on March 28, 2025. The company also recently listed its foreign currency bonds in Mauritius.
Paisalo Digital Ltd, a small-cap Non-Banking Financial Company (NBFC) backed by Life Insurance Corporation of India (LIC), has redeemed 1,200 Non-Convertible Debentures (NCDs) worth ₹12 crore on its maturity date. The company confirmed the development in an exchange filing on March 28, 2025, while also revealing that the remaining 600 NCDs under the same ISIN will mature on June 28, 2025.
Paisalo Digital, which operates in the financial lending space, specializes in small-ticket loans and microfinance solutions. The company’s association with LIC makes it a key player in India’s NBFC sector.
NCD Redemption Details
In an official release, Paisalo Digital stated that the redemption pertained to its 9.95% Listed, Secured Redeemable NCDs (Series-PDL122023L2, ISIN: INE420C0707), each with a face value of ₹1,00,000. The company also mentioned that the remaining 600 NCDs will mature in June 2025.
Foreign Currency Bonds Listing on AFRINEX
Apart from the NCD redemption, Paisalo Digital recently listed its foreign currency bonds at Mauritius-based AFRINEX exchange. In a regulatory filing, the company announced that its $48 million, 7.5% Foreign Currency Convertible Bonds (FCCBs) due in 2029 have been officially listed on the AFRINEX Securities List (ASL) as of March 24, 2025.
Paisalo Digital’s share price closed at ₹34.03 on March 28, 2025. The stock had recently hit a 52-week low of ₹31.85 in early March following a sharp correction from its October 2024 high of ₹86.82. However, the stock has been gradually recovering in recent weeks.
As the company moves forward with its growth strategy, the redemption of NCDs and the listing of FCCBs could play a crucial role in strengthening its financial position in the market.
