Paisalo Digital Limited
SBI Life Insurance reduced its stake in Paisalo Digital from 6.83% to 5.72% by disposing of 98,16,797 shares, within which a 50 lakh share sale was previously disclosed. The transaction occurred against the backdrop of a rights issue.
A non-deposit taking non-banking financial company that provides lending and financial services to individuals and small businesses across India. Paisalo Digital operates as an NBFC offering credit solutions to underserved customer segments through its extensive distribution network. Incorporated in 1992, the company is headquartered in Agra with its registered office in Delhi and specializes in digital-enabled lending operations and financial inclusion initiatives.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.