New Delhi, March 11 -- Non-banking finance company (NBFC), Paisalo Digital, announced on Wednesday, March 11, that its board has approved the issuance of debentures to raise Rs.100 crore.

The issue consists of a base offer of Rs.50 crore and the scope of the green shoe option of another Rs.50 crore in the case of oversubscription. The coupon rate on the debenture is 9.25% and is non-convertible in nature.

Paisalo Digital said that its board has approved the issuance of 9.25 % non-convertible debentures (NCDs) on a private placement basis through the EBP platform.

The company will issue up to 1 lakh NCDs, each having a face value of Rs.10,000, aggregating to Rs.100 crore. The company further added that the NCD issue is inclusive of the ...