Equilibrated Venture Boosts Stake in Paisalo Digital Amid Stock Rally

Equilibrated Venture, part of Paisalo Digital's promoter group, acquired nearly 54 lakh shares of the NBFC last week, increasing its stake from 19.94% to 20.53%. This aligns with a broader trend of rising promoter ownership, signaling confidence in the company's growth prospects. Paisalo reports strong financial performance and strategic advancements.

Equilibrated Venture, part of the promoter group for Paisalo Digital Ltd, has significantly increased its shareholding in the non-banking financial company (NBFC). Over the past week, it purchased nearly 54 lakh shares via open market transactions.

According to stock exchange records, the venture acquired 1.4 lakh shares on November 19, 8.37 lakh shares on November 18, and a substantial 43.94 lakh shares on November 13. This acquisition raised Equilibrated's total shareholding from 19.94% in the September quarter to 20.53%.

This move aligns with an upward trend of growing promoter ownership in Paisalo, which has reflected positively on the company's shares. The stock experienced a 4.63% increase in the past week. Market experts see this as a vote of confidence in the company's prospects. Paisalo's financial metrics show strong performance, with a 20% year-on-year increase in Assets Under Management (AUM) and a robust growth in income and profit margins.

(With inputs from agencies.)