Paisalo Digital Limited

Paisalo Digital Limited (Paisalo) is a Non-Deposit Taking Systemically Important Non-Banking Finance Company (ND-SI-NBFC) engaged in lending to individuals, SSIs, SMEs and other manufacturing, trading and service sector entities/ organisations for income generation activities.

The shares of the company are listed on BSE, NSE and Depository Receipts on Luxembourg Stock Exchange.

Earlier this year, the company changed its name from S.E. Investments Limited to Paisalo Digital Limited.

Agarwal Meadows Private Limited

Agarwal Meadows Private Limited (AMPL) is Delhi based company, engaged in the business of renting of commercial property. Substantial stake of AMPL is held by promoter entity of Paisalo.

Proposed Transaction

The Board of Directors of the company in their meeting held on February 23, 2018 approved the scheme of Amalgamation of AMPL with Paisalo. Appointed date for the transaction is closing hours of December 31, 2017.

Swap Ratio

Paisalo will issue 5918 equity shares of Rs 10 each for every 100 equity shares of Rs 100 each held in AMPL.

Shareholding Ratio

Paisalo Digital Limited

*:- Not clear

The equity shares of AMPL is held by two shareholders, one is Bhavya Electronics & Network Pvt. Ltd. (Promoter entity) & Eastern Star Infradev Private Limited holding 67.54% & 32.46% stake respectively in the company.  It is not clear how much promoter stake will be increased post-transaction. As in one document submitted by the company to stock exchanges, it is showing 46.07% increase of 1.57% and in other document it is showing increase of 3.17%.

Accounting Treatment: –

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