New Delhi, March 18 -- Shares of Paisalo Digital witnessed a sharp rise of nearly 4 percent on Tuesday, March 18, after Delhi-NCR-based domestic institutional investor (DII), Equilibrated Venture Cflow (P) Ltd., disclosed an increase in its stake in the company. The acquisition, which was carried out through the open market, added to the DII's existing holding, indicating continued confidence in the non-banking financial company (NBFC).

According to the regulatory filing under SEBI's Regulation 29(2), Equilibrated Venture Cflow purchased 5,40,000 shares of Paisalo Digital in the open market. This acquisition accounts for 0.0599 percent of the company's total share and diluted voting capital. The filing further confirmed that the transact...