NBFC Stock: A leading NBFC in which SBI Life Insurance has a significant stage, has finalised the allotment of Commercial Papers to IDBI Bank . The NBFC said that it has allotted 700 Commercial Papers to the lender. Post this, the NBFC stock surged nearly 5 per cent during Wednesday's trading session. The name of the NBFC under discussion here is Paisalo Digital , a constituent of BSE Smallcap index.

Commercial Papers Issue Price, Value In an exchange filing, the NBFC said that the Operations and Finance Committee of Board of Directors has allotted 70 Commercial Papers to IDBI Bank. The Commercial Paper carry a face value of Rs 5 lakh face value and a yield of 8.50 per cent. It said that the issue price of Commercial Papers is Rs 4,81,822.50 each and thetotal issue size or is

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