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Paisalo Digital Ltd. ( (IN:PAISALO) ) has issued an update.
Paisalo Digital Limited announced an increase in the Promoter Group’s shareholding to 41.75%, following a series of open-market acquisitions. This move demonstrates the promoters’ strong conviction in the company’s growth trajectory and aligns with its long-term strategy, reflecting deep confidence in its fundamentals. The increase in ownership from about 26% in FY19 to the current 41.75% underscores the promoter group’s belief in Paisalo’s business model and execution capabilities. This development supports the company’s mission of delivering responsible, tech-enabled credit to MSMEs, micro-enterprises, and underserved borrowers across India.
More about Paisalo Digital Ltd.
Paisalo Digital Limited is engaged in providing convenient and easy loans to financially excluded individuals at the bottom of India’s economic pyramid. With a network of 4,380 touch points across 22 states and UTs in India, the company aims to simplify small ticket size income generation loans, establishing itself as a trusted, high-tech financial companion. Its approach integrates technology with a customer-centric focus, using data analytics to deliver tailored solutions while minimizing risks and adhering to high governance and regulatory standards.
Average Trading Volume: 974,123
Technical Sentiment Signal: Hold
Current Market Cap: 32.62B INR
Learn more about PAISALO stock on TipRanks’ Stock Analysis page.