New Delhi, Oct. 15 -- Shares of Life Insurance Corporation of India (LIC)-owned non-banking finance company (NBFC), Paisalo Digital, jumped over 6% in intraday deals on Wednesday, October 15, extending gains to the second straight day following the allotment of commercial papers (CPs).

The company, in an exchange filing yesterday, announced the allotment of 700 commercial papers of the face value of Rs.5 lakh each. The issue price of the commercial papers was Rs.4,81,822.50, with the company raising Rs.33.72 crore via the sale of commercial papers.

On redemption of the commercial papers, the company will pay Rs.35 crore.

The said commercial papers were allotted on October 14 and will be up for redemption on March 25 next year, making t...