22 Sep 2026


Trilegal advised Paisalo Digital Limited (Paisalo) and Tipsons Consultancy Services Limited, the lead manager on the public issuance of non-convertible debentures aggregating to ?3,000 million under a shelf limit of ?9,000 million.
Paisalo is a non-deposit taking non-banking financial company – middle layer and offers diversified financial service primarily to rural India, with a focus on women customers and small and medium-sized businesses. This marks Paisalo’s first-ever public debt issuance. The funds are proposed to be used for onward lending.
The Trilegal Capital Markets Team advising on this matter was led Partner: Richa Choudhary; and supported by Counsel: Avanti Kale; Senior Associate: Aayush Khandelwal; and Associates: Dinank Bhanot, Shreyansh Gupta and Sakshi Nalawade
The Trilegal Banking and Finance Team advising on this matter was led by Partner: Joseph Jimmy; and supported by Counsel: Jinay Padh; and Associate: Yajat Bansal
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.

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