Stock market today: Small-cap stock Paisalo Digital gained over 5 per cent in intra-day trade on Wednesday, January 17 after the company approved the allotment of shares upon conversion of Foreign Currency Convertible Bonds (FCCB).
The company in an exchange filing today said, “… we wish to inform you that on January 15, 2025, the FCCB Committee of Board of Directors of Paisalo Digital Limited has considered and approved the allotment 37,35,274 Equity Shares of Face Value of Re. 1/- each upon conversion of 2000 Foreign Currency Convertible Bonds (“FCCBs”) as per the Conversion Notice received in accordance with the terms of the FCCBs set out in the Offering Circular.”
Following the allotment of these equity shares, the company’s fully paid-up capital will increase.
“The fully paid-up equity capital of the Company has increased from Rs. 89,80,43,980/- consisting of 89,80,43,980 Equity Shares of Re 1/- each to Rs. 90,17,79,254/- consisting of 90,17,79,254 Equity Shares of Re 1/- each,” the exchange filing added.
Stock Price Impact
Paisalo Digital share price jumped 5.44 per cent to the day’s high of ₹46.70 apiece on the BSE. The small-cap NBFC stock had opened at ₹43.51, slightly below its previous close of ₹44.29. The stock, despite today’s rise, is trading close to its 52-week low level of ₹40.40.
Paisalo Digital shares have eroded investor wealth off late, with the stock down 21 per cent in the last one month and 42 per cent in the last six months. Even on a one-year basis, the stock’s performance has been bleak, declining 13 per cent.
