Leading Non-Banking Financial Company Paisalo Digital Limited will witness stock split on June 30, 2022. The NBFC has been registered with Reserve Bank of India as a category "B". It was promoted as a private limited company under the Companies Act, 1956 on March 5, 1992. Check the relevant details pertaining to stock split issue set to take place this week:
Fixation of record date for split of equity shares
In the meeting that took place on June 17, 2022, the board of directors fixed the record date for split of equity shares. According to the BSE Filing, "This is to inform you that in terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, July 1, 2022 as the Record Date for the purpose of sub-division of 1 (One) Equity Share of face value of Rs. 10/- each (Rupees Ten Only) paid-up into 10 (Ten) Equity Shares of Re. 1/- (Rupee One Only) paid-up. According to the available information, the stock split shall take place from the face value of Rs 10 each into 10 equity shares of Re 1 each.
Paisalo Stock outlook
The current share price of the small-cap stock is Rs 781.50 apiece with a gain of 1.56% at the time of writing. It has touched a 52-week high of Rs 1143 apiece and 52-week low of Rs 560. The market capitalization is Rs 3431 crore. The PE is 43.30 which is higher than the sector PE of 31.49. The EPS is 18.05.
About Paisalo Digital Ltd
The company is headquartered in Delhi. The philosophy of the Company is deeply rooted in the Indian tradition of 'business with a social conscience' and towards the attainment of this Paisalo Digital Limited operates with utmost transparency and efficiency thereby ensuring maximum returns with minimum risk, according to its website.