LIC-backed NBFC stock gains as domestic institutional investor increases stake – Details
GH News March 18, 2025 06:06 PM
Shares of LIC-backed non-banking financial company (NBFC) Paisalo Digital gained on Tuesday i.e. March 18 2025 as Delhi-NCR-based domestic institutional investor (DII) Equilibrated Venture Cflow (P) Ltd. has increased its stake in the company. The counter opened in green at Rs 35.15 on the BSE against the previous close of Rs 34.60. It gained further to touch the high of Rs 35.89 - a gain of 3.7 per cent. However despite the positive movement the small-cap stock remains close to its 52-week low of Rs 34. The 52-week high of the stock is Rs 86.82 recorded in April 2024. It has lost over 58 per cent from that peak. The stock also touched its 52-week low in February 2025. According to the information shared the acquisition was carried out through the open market. As per the regulatory filing under SEBI’s Regulation 29(2) Equilibrated Venture Cflow purchased 540000 shares of Paisalo Digital. This acquisition accounts for 0.0599 percent of the company’s total share and diluted voting capital. With this Equilibrated Venture Cflows total holding in the NBFC has increased to 140737205 shares or 15.6007 per cent stake in the company. Prior to the acquisition it held 140197205 shares or 15.5409 per cent stake. Earlier the company announced that the country’s largest PSU bank State Bank of India (SBI) has invested in the Commercial Papers (CPs) issued by it. Meanwhile the BSE benchmark index Sensex jumped over 900 points to reclaim the 75000-mark during the morning trade on Tuesday in-tandem with a positive trend in global markets and buying in bank stocks. Extending its previous days rally the 30-share BSE Sensex jumped 901.43 points to 75071.38 during the morning trade. The NSE Nifty also surged 265.9 points to 22774.65. From the Sensex pack Zomato ICICI Bank Asian Paints Larsen & Toubro Mahindra & Mahindra Tata Motors NTPC Adani Ports and Hindustan Unilever were among the biggest gainers. However Bajaj Finserv Bajaj Finance Reliance Industries and IndusInd Bank were the laggards.
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