New Delhi, June 18 -- LIC, SBI Life-owned NBFC stock under Rs.50 Paisalo Digital surged nearly 2 per cent in Wednesday's trading session after the company announced that it has fully redeemed and repaid commercial paper.

The NBFC stock opened at Rs.31.20 apiece on June 18, as compared to previous close of Rs.30.98. Paisalo Digital share price fell over 1.7 per cent in early morning trade, however, recovered quickly touching an intraday high to Rs.31.28.

According to an exchange filing dated June 18, the company has fully redeemed and repaid commercial paper worth Rs.30,00,00,000 on the date of maturity.

" In accordance with SEBI Operational Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated as on April 13, 2022), p...