New Delhi, May 2 -- Paisalo Digital Ltd announced on Friday, May 2, that it will raise funds by issuing equity shares, foreign currency bonds, and other securities for up to Rs.27,000 lakh. The small-cap NBFC stock is owned by SBI Life Insurance and Life Insurance Corporation of India (LIC).

"...To raise funds by way of issuance of equity shares, foreign currency convertible bonds and/or other eligible securities in one or more tranches to the Eligible Investors through preferential allotment, private placement, including qualified institutional placement or any other permissible mode for an aggregate amount up to Rs.27,000 Million," said the non-banking financial company (NBFC) smallcap stock.

LIC owns 77,59,511 shares of the NBFC stoc...