SBI-Life Insurance Owned Stock To Consider Equity Shares Allotment Via FCCB Conversion

A meeting of the FCCB Committee of the Board of Directors of Paisalo Digital Ltd, a small-cap NBFC company and a portfolio stock of SBI-Life Insurance Company, has been scheduled for Wednesday, September 17, 2025, to discuss the allocation of equity shares in response to the conversion notice received for a portion of the Foreign Currency Convertible Bonds.

Meanwhile, Equilibrated Venture CFlow (P) Ltd., a member of the promoter group, purchased 45,00,000 equity shares of Paisalo Digital Limited on September 12, 2025, through open market transactions, the company has notified the exchanges. Equilibrated Venture CFlow owned 16,84,41,446 shares prior to this transaction, which accounted for 18.67% of Paisalo's entire equity share capital.

With the most recent acquisition, its stake in the firm has grown to 19.17% of its total equity, comprising 17,29,41,446 shares. The equity share capital of Paisalo Digital remains unchanged at Rs 90,21,18,289, divided into 90,21,18,289 equity shares of Re. 1 each.

Equilibrated Venture Cflow Private Limited, part of the Promoter Group of Paisalo Digital Ltd, has been actively acquiring shares through market purchases over the past two weeks. The promoter firm purchased multiple tranches of equity shares between September 4 and September 15, 2025, with transaction values ranging from around Rs 2.01 crore to Rs 175.65 crore.

Following the most recent transaction, their stake progressively increased from 16.76% comprising 15.11 crore shares, to 19.17%, or 17.29 crore shares. The acquisitions included 5.82 lakh shares on September 4, 31.02 lakh shares on September 8, 46.04 lakh shares on September 10, 45 lakh shares each on September 11 and 12, and an additional 45 lakh shares on September 15.

All acquisitions were executed via market purchases and reported to the exchange on the respective dates.

Paisalo Digital Limited announced the issuance of secured non-convertible debentures (NCDs) on September 10, 2025. A decision to hand out 5,000 NCDs, each with a face value of one lakh rupees, through a private placement was approved by the Board of Directors' Operations and Finance Committee. These debentures have a 36-month term and a 10.00% annual interest rate.

They are taxable, senior, secured, and redeemable. Beginning in the ninth quarter, the principal will be paid out in four equal quarterly payments at par on the maturity date. The initial coupon rate plus 2.00% annually will be the coupon rate if interest or principal payments are not made for more than three months.

Paisalo Digital Ltd was incorporated in 1992 and is a Non-Deposit Taking Non-Banking Financial Company with a market cap of over Rs 3,500 Cr.