Bonus Share News: Paisalo Digital Ltd. Witnesses Multibagger Growth, Bumper Bonus Expected as Scrip Soars to 52 Weeks High

Bonus Share News: The Board of Directors of Paisalo Digital Ltd has been notified that a meeting is set for Wednesday, January 31, 2024. The purpose of the meeting is to discuss and approve the company's standalone and consolidated unaudited financial results for the quarter that ended on December 31, 2023, as well as the proposal to issue bonus shares to the equity shareholders of the company.

Committee Meeting Announcement

Furthermore, the firm disclosed that the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited will convene on January 12, 2024, with the aim of obtaining money via the private issue of non-convertible debentures. Paisalo Digital Ltd., a non-deposit NBFC that was founded in 1992 and has its head office in Agra and registered office in Delhi, provides a range of financial products, including business loans, SME & MSME loans, and income generation loans for entrepreneurship, to empower individuals and enterprises.

Shareholding Landscape

Based on the financial statements, the market capitalization of the company exceeds Rs 4,900 crore. Both the quarterly and annual results of the corporation showed growth. According to the business's shareholding structure, as of September 2023, the promoters owned 47.05 percent of the company, FIIs owned 17.01 percent, DIIs owned 14.20 percent, and the general public owned 21.74 percent.

Paisalo Digital Ltd.'s shares closed at Rs. 107.08 today, up 5.4% from the previous closing, setting a new 52-week high of Rs. 112.90 a share. In three months, the stock increased by 60%, and in six months, it produced multibagger gains of 120%. Investors ought to monitor this Small-Cap stock closely.

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