New Delhi, Feb. 27 -- SBI Life-owned NBFC stock under Rs.50: SBI Life-owned non-banking financial company (NBFC) Paisalo Digital informed investors through an exchange filing today, February 27, that it had raised Rs.30 crore by issuing commercial papers.

The company said it had issued 600 commercial papers to investors with a maturity period of 90 days. Each commercial paper was issued at a discounted price of Rs.4.86 lakh, and the company will repay the full-face value of Rs.5 lakh at maturity, its filing showed.

Generally, companies raise short-term funds through money market instruments to fund working capital needs, manage short-term liquidity, and borrow at potentially lower interest rates.

The company earlier this month announce...