Mumbai (Maharashtra) [India], January 20: Paisalo Digital Limited, a leading NBFC focused on last-mile credit delivery, has announced the partial redemption of its Unlisted, Unsecured Redeemable Non-Convertible Debentures (NCDs) by exercising a call option, reflecting the Company's disciplined approach towards balance sheet and liability management.
In a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Limited, the Company informed that it has redeemed 10 Unsecured Unlisted Redeemable Non-Convertible Debentures under Series PDL-09-2023, aggregating to an amount of Rs. 1 crore. These debentures carried an actual maturity date of September 2, 2033, and the early redemption has been undertaken in accordance with the terms of issue.
The partial redemption has been carried out pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company exercised its call option to retire a portion of the outstanding NCDs ahead of the scheduled maturity, underscoring its proactive stance in managing long-term borrowings.
This strategic move highlights Paisalo Digital Limited's focus on optimizing its debt profile and maintaining financial flexibility. Early repayment of long-tenure instruments enables the Company to efficiently manage its cost of funds while reinforcing confidence among investors, lenders, and other stakeholders. The redemption also reflects the Company's steady cash flow position and prudent capital allocation strategy.
Paisalo Digital Limited continues to strengthen its financial foundation while pursuing sustainable growth across its lending operations. The Company remains committed to maintaining high standards of governance, transparency, and timely disclosures, ensuring that stakeholders are kept informed of all material developments.
The intimation regarding the partial redemption has been submitted to the stock exchanges for information and record purposes.
About Paisalo Digital Limited
Paisalo Digital Limited is a systemically important non-banking financial company (NBFC) engaged in providing credit to underbanked and unbanked segments across India. With a strong technology-driven operating model and an extensive distribution network, the Company aims to promote financial inclusion while delivering long-term value to stakeholders.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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