Paisalo Digital Limited saw a sharp rise of nearly 4% after its promoter bought additional stakes in the open market yesterday. The stock price reacted positively to this news, indicating investor confidence in the company’s future outlook.
Equilibrated Venture CFLOW (P) LTD. has acquired 13,32,000 shares of Paisalo Digital Limited, increasing its stake to 15.0452% of the company’s total voting capital. The acquisition was made through open market transactions on September 12, 2024.
In addition, Paisalo Digital has fully redeemed and repaid ₹12 crore worth of Unlisted Commercial Papers (ISIN: INE420C14052) on September 13, 2024, as per the maturity date. This move highlights the company’s strong financial management and commitment to meeting its debt obligations.
As of 12:02 PM, shares of Paisalo Digital were trading 1.90% higher at ₹61.65.
