New Delhi, Aug. 5 -- Paisalo Digital share price gained over 1% on Tuesday after the company announced a fundraise through the issuance of non-convertible debentures (NCDs). The small-cap stock rose as much as 1.59% to Rs.31.30 apiece on the BSE.

The Operations and Finance Committee of Board of Directors of Paisalo Digital in their meeting held on Tuesday, August 5, has approved the issuance of Non-Convertible Debentures on a private placement basis, through Electronic Bidding Platform (EBP) Platform, Paisalo Digital said in a regulatory filing on Tuesday.

Paisalo Digital plans to issue up to 5,000 NCDs, each with a face value of Rs.1 lakh, aggregating to Rs.50 crore. This includes a base issue of Rs.25 crore and a green shoe option of ...