Aye Finance Approves Plan for Raising Up To INR 4,000 Crore Through Non-Convertible Debentures
Aye Finance Limited (formerly Aye Finance Private Limited) announced on Wednesday, July 22, 2026, that its Board of Directors had approved a proposal to raise funds through the issuance of Non-Convertible Debentures (NCD). The company aims to raise up to INR 4,000 Crore in one or more tranches through a private placement basis.The approval comes following a meeting of the Board of Directors, which was held on July 22, 2026. The proposal allows for raising the funds within a period of one year from the date of Shareholders' approval during the upcoming Annual General Meeting (AGM).
Details regarding the proposed issuance include:
- Security Type: Non-Convertible Debentures
- Issuance Method: Private placement basis
- Maximum Size: Up to INR 4,000 Crore in one or more tranches.
- Listing Status: To be determined by the Working Committee of the Board of Directors (WALCO) for each Tranche.
The company is set to hold its 33rd AGM on Tuesday, September 1, 2026, which will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The notice convening this general body meeting will be circulated to Shareholders within the prescribed statutory timeline.
Key parameters related to the NCDs and the fundraising initiative as determined by WALCO include:
| Feature | Details |
|---|---|
| Type of Securities | Non-Convertible Debentures |
| Issuance Type | Private placement basis |
| Total Amount Proposed | Up to INR 4,000 Crores in one or more tranches |
| Listing Decision | To be determined by WALCO for each Tranche |
| Tenure/Terms | To be determined by WALCO for each Tranche at the time of finalization |
The company commenced the Board meeting at 10:51 A.M. IST and concluded it at 1:25 P.M. IST on July 22, 2026.
AYE Stock Price Movement
Aye Finance Limited shares slipped sharply on a weak trading day, closing at ₹177.22 after shedding ₹10.93 in post-market activity today. The stock saw a significant volume of 6.04 million shares traded as the market settled.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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