SBI Life-owned NBFCs declare to issue non-convertible debentures worth ₹ 150 crore. Check other details

SBI Life Bank Owned Non-Banking Financial Company (NBFC), Digital Paisaloannounced the issue of two non-convertible bonds worth ₹75 crore each by applying for exchange today, October 30.

In its filing, the company said that the Operations and Finance Committee of the Board of Directors of Paisalo Digital, at its meeting held on Thursday, October 30, 2025, approved the issuance of the bonds.

NCD problem details

First NCD problemwith a coupon rate of 8.45%, will cover up to 7,500 unsecured NCDs of face value ₹1,00,000 each. Total release size ₹75 crore will cover the basic edition ₹25 crore with option to remain oversubscribed till ₹50 crores.

The second NCD issue has a coupon rate of 8.50% and will also include the issuance of 7,500 unsecured NCDs at face value ₹1,00,000 each. Like the first issue, it will be a basic size ₹25 crore with an option to keep the overpayment up to the amount ₹50 crore, taking the total offer size to be ₹75 crores.

The bonds are proposed to be listed on the BSE with the allotment date of both NCDs fixed as November 6.

The first issue with a coupon of 8.45% is issued for two years. It will therefore be canceled after two years from the date of allocation. However, the second issue of NCD will be redeemed after three years from the date of allotment.

The coupon for both these NCDs is payable annually.

However, in case of delay in interest or principal repayment, the company will offer a coupon rate plus 2% per annum.

Paisalo Digital share price trend

Shares of LIC-owned NBFC Paisalo Digital fell amid weakness in the broader market. Small-cap stocks fell almost half a percent to their intraday low ₹38.38.

So far this year, the Paisalo Digital share price has lost 22% of its value, even though it has risen 23% in three months.

Paisalo Digital shareholder trend

SBI Life InsuranceNifty50, held 6.83% stake in the NBFC stock at the end of September, down from the company’s 8.96% stake in the previous quarter ended June 30.

Life Insurance Corporation of India (LIC) also reduced its stake in the small-cap company as its name did not feature among the company’s top shareholders. As of June, LIC held 1.12% stake in the company.

LIC has probably left the company or its shareholding has fallen below 1%. Companies are authorized by Sebi to disclose the names of only those shareholders who hold stake of 1% or more.

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