PAISALO (PAISALO): Acquisition / M&A
Santanu Agarwal has submitted a disclosure to the NSE under Regulation 31 of SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011, according to an exchange filing for Paisalo Digital published today. The headline says only that the disclosure was filed. It does not say what, if anything, changed hands, and Strota's data carries nothing on Agarwal's role or holding.
Strota's classifier filed the disclosure under "Acquisition / M&A". Events in that category have historically been close to a coin flip: across 141 past cases the win rate was 48.9%, with an average net edge of 0.213%. That is a base rate for the category, not a prediction for Paisalo, and a Regulation 31 disclosure (a filing made under SEBI's takeover rules) may not be a typical example of the events in that sample.
On valuation, the stock trades at a price-to-earnings ratio of 33.38 and a price-to-book of 4.5, with a market value of about ₹8177 crore. Recent bulk-deal records are mixed. On July 17, Jevin Stock Broker and Dhirajbhai Vaghjibhai Koradiya each bought and sold near-equal amounts on the same day, which reads as stock passing through rather than accumulation. On September 18, Octaspace Realcon bought ₹41.08 crore and sold ₹20.62 crore, leaving it a net buyer on that date. Dhansubh Complex (₹35.19 crore) and PSL Limited (₹43.37 crore) appear only as buyers. In August the company also put out press releases on proposed co-lending arrangements with LoanKhata and FatakPay.
The Nifty fell 1.64% on the day. The data establishes that a disclosure was filed; it does not establish what the disclosure contains or whether it has any bearing on the share price.
The catalyst
Santanu Agarwal has submitted to the Exchange a copy of Disclosure under Regulation 31 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Acquisition / M&A shows no reliable next-session edge — the move went bullish in about 48.9% of next sessions (net 0.213% after drift and cost, n=141). A base rate, not a forecast for this stock.
PAISALO right now
P/E 33.38. Full PAISALO analysis →
Sources
- Santanu Agarwal has submitted to the Exchange a copy of Disclosure under Regulation 31 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 — NSE
- Paisalo Digital allots ₹20 crore commercial papers via private placement — scanx.trade
- Paisalo Digital board to meet Oct 1 for FCCB share allotment — scanx.trade
- Paisalo Digital PAISALO Deputy MD Re-Appointment AGM 2026 — Kalkine India
- Paisalo Digital AGM 2026: Key Resolutions Passed — Kalkine India
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