New Delhi, Sept. 10 -- LIC-owned NBFC stock Paisalo Digital rose as much as 2.28 per cent apiece in Wednesday's trading session after the board approved allotment of NCDs worth of Rs.50 crore on September 10.

Paisalo Digital share price opened at Rs.37.96 in early morning session on NSE, as compared to previous close of Rs.37.64. At 9:40 am, the NBFC stock touched an intraday high to Rs.38.20 per share, on September 10.

On September 10, the company said in an exchange filing that the board has approved allotment of non-convertible debentures (NCDs), being offered through private placement.

The company has allotted 5000 NCDs worth Rs.1 lakh each, totalling to Rs.50 crore, according to the exchange filing.

The NCDs are being offered at ...