1:1 Bonus Share Declared: NBFC Co Declares 102.51% Jump In Net, Shares Rally 118% In 6-Months

Leading NBFC company Paisalo Digital shares jumped 11.59% intraday on Wednesday after it reported a jump of 102.51% in its net profit at Rs 56.5 crore for the quarter ended December 31, 2023 as compared to Rs 27.9 crore announced in the corresponding period of last year. The board of directors of the company also recommended bonus share in the ratio of 1:1 and have yet to fix the record date. Last trading price of Paisalo Digital shares on BSE is Rs 131.50 apiece.

Paisalo Digital shares zoomed 118% in last 6-months. Meanwhile, the company's net interest income surged 69.4% to Rs 118.4 crore as compared to Rs 70 crore in the year-ago period. Check details below:

Paisalo Digital Recommends Bonus Share: According to the BSE filing of the company dated Jan31, 2024, "Considered and recommended issue of Bonus Shares in the ratio of 1:1 i.e. 1 (one) new bonus equity share of Re. 1/- each fully paid for every 1 (one) existing share of Re. 1/- each fully paid up held by the members as on "Record Date" to be fixed by the Board thereof for the purpose. The Bonus Issue of Equity Shares is subject to approval of the members and other applicable statutory and regulatory approvals as may be required. The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares."

Approves Issuance of NCDs: The company also approved issuance of NCDs and stated, "considered and approved the issuance of Non-Convertible Debt Securities ("NCD's) subject to the borrowing limits of Rs. 4500 Crores as approved by Shareholders of the Company, u/s 180(1)(a) of the Companies Act, 2013, in the Annual General Meeting of the Company held on September 21, 2023 and to authorise Operation and Finance Committee of the Board for finalisation of terms and conditions for issuance, allocation and allotment of Non-Convertible Debt Securities ("NCD's) in one or more tranches during the currency of Shareholder Resolution."

Paisalo Digital Shares Performance & Return: The 52-week high price of Paisalo Digital shares on BSE is Rs 138.75 apiece and 52-week low price is Rs 42.01 apiece, respectively. The company has a market capitalisation of Rs 5,904.64 crore. Paisalo Digital shares jumped 30% in last 1-week only, gained 43% in last 1-month, rallied 75% in last 1-year. In last 2-years, Paisalo Digital shares rallied 86% and offered return of 333% in last 5-years.

Paisalo Digital About: Paisalo Digital Ltd (formerly S. E. Investments Limited (SEIL)) was incorporated as Private Limited Company in the state of Uttar Pradesh and started commercial vehicle finance. The Company is engaged in providing loans. It focuses on financing self-employed borrowers a segment which is still untapped / unserved driven by rising affluence aspirations and favorable demographics.

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