New Delhi, May 16 -- LIC-backed non-banking financial company (NBFC) Paisalo Digital has approved raising funds up to Rs.50 crore through the issuance of Non-Convertible Debentures (NCDs). The fundraising proposal was cleared by the company's Operations and Finance Committee at its meeting held on May 15, 2025, as per a regulatory filing.

The proposed issue will take place through private placement on the Electronic Book Provider (EBP) platform, and involves the issuance of up to 5,000 NCDs, each with a face value of Rs.1 lakh. The base size of the issue is Rs.25 crore, with an option to retain oversubscription of another Rs.25 crore, taking the total potential raise to Rs.50 crore.

The debentures will carry a coupon rate of 10 percent ...