NBFC Stock Owned By LIC & SBI Life Insurance Announces Fundraising Proposal, Board Meet On 4th Sept

NBFC company Paisalo Digital informed stock exchanges on 1st September regarding raising funds through private placement of non-convertible debentures.

"We would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on September 4, 2025 to consider and approve the fund raising proposal by way of issuance of Listed, Secured, Non-Convertible Debentures on Private Placement basis," said Paisalo Digital in a stock exchange filing.

According to Moneycontrol, on August 29, 2025, Sunil Agarwal increased his stake in Paisalo Digital Limited by acquiring 6,55,650 equity shares through Equilibrated Venture Cflow (P) Ltd. Sunil Agarwal held 15,04,95,464 shares prior to this transaction, which accounted for 16.6825% of the total share/voting capital. His total stake has grown to 15,11,51,114 shares since the last acquisition, representing 16.7551% of the company's capital. Prior to and following the acquisition, Paisalo Digital Limited's equity share capital was Rs 90.21 Crores, which was split into 90,21,18,289 equity shares of Re 1 each.

Pursuant to the Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023, dated December 29, 2023, Paisalo Digital announced on 30th August that Mr. Rajesh Kumar Singh had been appointed as the company's internal ombudsman. The role will take effect on September 1st, 2025.

In order to further improve inclusive credit delivery throughout India and build on the successful cooperation formed in 2019, the company extended its Co-Lending cooperation with SBI to jointly finance MSME & SME loans during the quarter that ended in June 2025. According to the firm, the agreement would use Paisalo's digital platform and SBI's extensive banking network to widen small companies' access to formal credit, particularly in tier 2 and tier 3 cities and rural regions. It is anticipated to go into effect in Q4FY26.

In Q1FY26, the company expanded its network by adding a record 50 branches and 432 new touch points, bringing the total number of touch points to 3,997 across 22 states. As of June 2025, touch points included 1,382 BCs, 2,214 Distribution Points, and 401 Branches.

As of the June 2025 quarter, SBI Life Insurance owns around 8.96% stake in Paisalo Digital, while Life Insurance Corporation of India (LIC) owns 1.12% stake. The two institutions' steady holding of these shares indicates their ongoing strategic involvement in the company.