LIC-backed Paisalo Digital in focus as promoter raises 0.5% stake in smallcap

Paisalo Digital gained attention after promoter Equilibrated Venture Cflow raised its stake to 18.17% by acquiring 45 lakh shares. Despite underperforming with a 37% yearly decline, the NBFC reported Q1 profit of Rs 47 crore, strong AUM of Rs 5,203 crore, and remains supported by LIC’s holding.

from Economic Times https://ift.tt/Nz4gnIf