SBI Life Insurance Corporation hold 9.36 per cent: Penny stock under Rs 50 surges over 10 per cent; Board likely to raise funds through private placement basis
The stock is up by 14.8 per cent from its 52-week low of Rs 29.75 per share.
On Monday, one of the Top Gainers on BSE, shares of Paisalo Digital Ltd surged 10.88 per cent to Rs 34.14 per share from its previous closing of Rs 30.79 per share with a spurt in volume by 1.37 times on the BSE. The stock’s 52-week high is Rs 81.95 per share and its 52-week low is Rs 29.75 per share.
Paisalo Digital Limited informed that a meeting of the operations and finance committee of the Board of Directors of the company is scheduled to be held on May 15, 2025, to consider and approve the fund-raising proposal by way of issuance of listed, secured, non-convertible debentures on a private placement basis.
EQUILIBRATED VENTURE CFLOW PRIVATE LIMITED, a promoter group entity, revoked a pledge on 75,00,000 equity shares of Paisalo Digital, valued at Rs 2,556 lakh. EQUILIBRATED VENTURE CFLOW PRIVATE LIMITED, a Promoter Group entity, held 14,128,999 equity shares (15.66 per cent shareholding). On May 12, 2025, a pledge release transaction involving 75,00,000 shares valued at Rs 25,56,00,000 occurred, resulting in a post-transaction holding of 14,128,999 shares (15.66 per cent shareholding). The company was notified of this pledge revocation on May 12, 2025.
Paisalo Digital Limited, a listed NBFC registered with the Reserve Bank of India, has a robust distribution network in rural and semi-urban India. Serving over 65 lakh customers through 3275 touchpoints across 22 states, Paisalo is a pioneer in credit distribution and income-generation loans. Facilitating over Rs 3,400 crore in transactions within two years, with a customer base exceeding 59 lakh, Paisalo demonstrates its commitment to financial inclusion. Its business correspondent model, strategic partnerships with banks like SBI and Bank of India, advanced technology, and customer focus enable it to reach underserved regions and provide banking services to India's underbanked population.
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According to the financials, the company has a market cap of over Rs 3,000 crore. In its Quarterly Results and annual results, the company reported positive numbers. In Q4FY25, the company reported net sales of Rs 182.08 crore and the net profit increased by 26.4 per cent to Rs 46.29 crore in Q4FY25 compared to Q4FY24. In FY25 results, the net sales increased by 8 per cent to Rs 711.11 crore and the net profit increased by 12 per cent to Rs 200.12 crore compared to FY24.
In March 2025, FIIs bought 88,51,218 shares and increased their stake to 10.38 per cent in March 2025 compared to December 2024. The stock is up by 14.8 per cent from its 52-week low of Rs 29.75 per share. As of March 2025, SBI Life Insurance Co. Ltd owns a 9.36 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.17 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.