SBI Life-owned NBFC to raise Rs 75 crore via non-convertible debentures, check face value, tenure

Shares of SBI Life-owned non-banking financial company (NBFC) Paisalo Digital Ltd, with a market cap of around Rs 3,100 crore, will be in focus as the company has informed exchanges that the Operations and Finance Committee has approved the private placement of non-convertible debentures (NCDs) with an issue size of up to Rs 75 crore. According to the information shared, the offering comprises 7,500 unsecured NCDs and will have a face value of Rs 1,00,000. This will include a base issue of Rs 25 crore and a Green Shoe Option to retain oversubscription up to Rs 50 crore. 

Business