Question : On December 24, 2020, SBI Life Insurance Company had purchased 3.8 million equity shares, representing 8.99 per cent equity of ‘Paisalo Digital Ltd’.In which sector this company belongs ?
(a)Non-banking financial company
(b)Agri commodities trading company
(c)Both (a) & (b)
(d)None of the above
Answer (a)
Related facts
- SBI Life has recently(24 December 2020) acquired 9% stake in Paisalo Digital for Rs 186.20 cr.
- Under this deal acquirer has purchased 3.8 million equity shares(at Rs 489.99 per share) via open market.
Paisalo Digital
- Paisalo Digital Limited operates as a non-banking financial company. The Company offers personal and business loans, micro funding, and hire purchase financing services.
- Paisalo Digital has a market capitalisation of Rs 2,204.69 crore as on December 24, 2020.
By — Pankaj Pandey.