Shares of LIC-backed Paisalo Digital surge 8 percent today due to… | Check details here

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Shares of the LIC-backed non-banking financial company (NBFC) Paisalo Digital surged over 8 per cent on Wednesday, September 3, 2025. The action in stock comes amid a spurt in volume by more than 6.26 times.

The counter started the trading session in green at Rs 31.11 and surged further to touch the high of Rs 33.50, representing a gain of 7.86 per cent from the closing price of the last trading session. It ended the session at Rs 33.33 with an increase of 7.66 per cent.

Undertakes transactions worth over Rs 3,400 crore

Meanwhile, NBFC firm Paisalo Digital said it has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore.

This has been achieved within two years with its strong network of business correspondents’ collaborations with prominent banking partners, including State Bank of India (SBI) and Bank of India, Paisalo Digital said in a statement.

It demonstrates the company’s commitment towards financial inclusion by leveraging technology and robust partnerships with leading financial institutions to provide seamless banking facilities to India’s under-banked population, it said.

Santanu Agarwal, Deputy Managing Director of Paisalo Digital, said, “As we look ahead, this success lays the foundation for achieving our ambitious vision for 2025 – to further expand our outreach, innovate our offerings, and contribute meaningfully to India’s financial ecosystem.

Raises USD 50 Million

Earlier, the company raised the first tranche of USD 50 million through the issuance of secured foreign currency convertible bonds (FCCBs).

This is the first event of FCCB issuance from Paisalo Digital Ltd, and it will be executed following applicable external commercial borrowing (ECB) guidelines prescribed by the Reserve Bank, the NBFC said in a release.

Story Highlights:

  1. NBFC firm Paisalo Digital said it has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore.
  2. The company raised the first tranche of USD 50 million through the issuance of secured foreign currency convertible bonds (FCCBs).
  3. Shares of the LIC-backed non-banking financial company (NBFC) Paisalo Digital surged over 8 per cent on Wednesday, September 3, 2025.

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