Business News: Shares of Paisalo Digital Ltd a small-cap company in the NBFC sector are seeing some movement today. The stock was trading down 1.91% or ₹0.64 at ₹32.89 on the BSE at the time of writing the report and was down 1.49% or ₹0.50 at Rs 32.96. In its latest exchange filing after market hours on Monday the company stated that it had partially redeemed 10 unsecured unlisted redeemable NCDs out of the total non-convertible debentures (NCDs) issued under Series PDL-09-2023 exercising a call option. The total redemption amount is ₹1 crore. These NCDs have an original maturity date of September 2 2033. Recently the company had said that its focus is on providing easy and affordable loans to small entrepreneurs self-employed people and micro businesses so that livelihood opportunities increase in both cities and villages. According to the filing in the healthcare and education sector Paisalo Digital has partnered with companies like Sema Mart Health EduSoft and Truvik Health to provide financial support to clinics diagnostic centres and educational institutions to purchase essential equipment. In the agriculture sector the company has partnered with companies like Masheo Dashmesh Shaktiman Preet Tractors and Apollo Tractors to help farmers and agri-entrepreneurs with machinery and increase productivity. Additionally Paisalo Digital has partnered with several major companies to develop industrial equipment solar energy and electric and alternative fuel vehicles. The company says that through these initiatives it is supporting small businesses and rural enterprises towards sustainable development and self-reliance. Meanwhile stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday as relentless foreign fund outflows and geopolitical tensions weighed on investors sentiment. The 30-share BSE Sensex declined 311.33 points to 82934.85 in early trade. The 50-share NSE Nifty dropped 99.5 points to 25486.
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