Aye Finance Allots ₹220 Cr Non-Convertible Debentures

Aye Finance Limited has announced the allotment of Non-Convertible Debentures (NCDs) totaling ₹220 crore. The allotment, approved by the Securities Allotment Committee of the Board of Directors, involves 22,000 rated, senior, listed, secured, redeemable NCDs, each with a face value of ₹1,00,000. These debentures were issued on a private placement basis to eight investors, including Northern Arc Capital Limited, Saarathi Finance and Credit Private Limited, and Incred Financial Services Limited. This move signifies the company's strategy to raise capital through debt instruments.