New Delhi, Aug. 20 -- Paisalo Digital share price gained over 2% on Thursday after the non-banking financial company (NBFC) announced fundraising through allotment of commercial papers (CP) worth Rs.15 crore. The smallcap stock rose as much as 2.38% to Rs.31.37 apiece on the BSE.

Paisalo Digital said that its Operations and Finance Committee of the Board of Directors has approved the allotment of 300 listed commercial papers on a private placement basis to Rajarambapu Sahakari Bank Ltd.

The instruments carry a face value of Rs.5 lakh each, with an aggregate redemption value of Rs.15 crore.

The CPs have been issued at a yield of 9.50%, translating into an issue value of about Rs.14.32 crore, and will mature in 182 days from the date of ...