Aye Finance Fund Raise of ₹4,000 Cr
Aye Finance Limited's Board approved raising up to ₹4,000 Crore through the issuance of Non-Convertible Debentures via private placement.
- Value
- ₹4,000 Cr
- Execution
- 1 year
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Aye Finance Limited's Board approved raising up to ₹4,000 Crore through the issuance of Non-Convertible Debentures via private placement.
Aye Finance Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026, regarding IPO proceeds of ₹710.00 Crore. As of the quarter-end, ₹502.24 Crore has been utilized primarily for augmenting the capital base and onward lending, while ₹170.00 Crore remains parked in fixed deposits.
Aye Finance Limited submitted its quarterly statement for the period ended March 31, 2026, confirming no deviation or variation in the utilization of ₹710 Crore raised through its Initial Public Offer. The monitoring agency, CRISIL Ratings Limited, and the audit committee reviewed the report, confirming funds are being utilized as intended.