Small-cap stock under ₹100: Delhi-based DII raises stake to 15.56% in this NBFC stock; Do you own?

Small-cap stock under ₹100: A Delhi-based domestic institutional investor (DII) raised its stake in smallcap stock Paisalo Digital Ltd on Friday, February 14, to 15.56 per cent from 15 per cent via open market share sale. According to a regulatory filing to the stock exchanges, the Delhi-based DII Equilibrated Venture CFlow Pvt Ltd raised its stake in the non-banking financial company (NBFC) smallcap stock via shares purchased in the open market.

According to Paisalo Digital's exchange filing, the Delhi-based DII belongs to the promoter group and purchased 13,97,63,088 shares carrying voting rights to raise its stake in the NBFC to 15.563 per cent via open market transaction. After the acquisition, the target company's equity share capital stands at ₹89,80,43,980 divided into the same number of shares to Re 1 each.

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Small-cap NBFC stock price trend

On Friday, shares of Paisalo Digital opened at ₹40.50 and declined 2.34 per cent to hit an intraday low of ₹39.55, before settling 0.02 per cent lower at ₹40.64 apiece on the BSE. As of February 14, the smallcap company under ₹100 commands a market capitalisation of ₹3,649.65 crore.

Last month, the NBFC announced that it has serviced over 59 lakh customers by initiating transactions worth more than ₹3,400 crore. It was done within two years through a network of business collaborations with major banking partners, including public sector banks (PSBs) SBI and Bank of India.

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Santanu Agarwal, Deputy Managing Director of Paisalo Digital, said, "As we look ahead, this success lays the foundation for achieving our ambitious vision for 2025 - to further expand our outreach, innovate our offerings, and contribute meaningfully to India's financial ecosystem."

Paisalo Digital is a small-cap NBFC that offers financial services like business loans, income loans, and mobility loans. It has partnered with banks like Union Bank of India to offer loans to priority sectors. The NBFC has major international investors like the State Bank of India (SBI), SBI Life Insurance Co. Ltd, and Life Insurance Corporation (LIC) of India.

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