Paisalo Share Price Surge Continues with Bonus Share Offer 📈💰
📅 Date: 16 March 2024
The share market witnessed a significant downturn on Friday (15 March), with the Sensex breaking 400 points and trading at 72,668. Despite this, some shares have provided investors with substantial returns. One such non-banking financial company is Paisalo Digital. The company’s shares have been steadily rising for the past few days.
On Friday, the company’s share price surged by 10% to reach ₹135.50. Paisalo Digital’s share closed at ₹123.20 on Thursday. The company is offering bonus shares to its investors.
🎁 Paisalo Digital will be issuing bonus shares to its investors in a 1:1 ratio, meaning one bonus share per share held. The record date for bonus shares has been set as 20 March 2024.
Paisalo Digital previously issued bonus shares to its investors in a 3:1 ratio in May 2010. The company also split its stock in June 2022, dividing ₹10 face value shares into ₹1 face value shares.
Recently, Paisalo Digital faced a major setback after receiving a notice from the Delhi High Court. The company’s shares plummeted by nearly 41% in three days following the court notice. The shares were trading at ₹178.80 on 11 March and closed at ₹112 on 13 March.
The Delhi High Court has issued a notice to Paisalo Digital in a case involving alleged overcharging of interest on loans, along with the Reserve Bank of India and market regulator SEBI. The 52-week high for Paisalo Digital’s shares is ₹199.25, while the 52-week low is ₹42.01.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
