New Delhi, July 1 -- Shares of non-banking financial company (NBFC) Paisalo Digital were locked in the 20% upper circuit in Wednesday's trade, July 1, hitting Rs.71 apiece after the company announced a further increase in promoter shareholding, reinforcing confidence in its long-term growth prospects.

The promoter group acquired an additional 4.97% stake during the June quarter, taking its holding to 46.72% in Q1FY27. The latest increase marks another milestone in a consistent multi-year trend of promoter buying.

Promoter shareholding has steadily risen from around 26% in FY19 to 37% in FY25, 41.75% in FY26, and now 46.72%.

"This sustained commitment reflects the promoters' deep alignment with the company's long-term strategy and their...