Aye Finance to Raise up to ₹4,000 Crore via NCDs

Aye Finance Ltd announced that its Board of Directors has approved a proposal to raise funds up to INR 4,000 Crore through the issuance of Non-Convertible Debentures (NCDs). The fundraising will be conducted in one or more tranches on a private placement basis within one year of shareholder approval at the upcoming Annual General Meeting (AGM). The 33rd AGM is scheduled for September 1, 2026. Details regarding the NCD issuance, including listing, tenure, coupon, and security, will be determined by the Working Committee of the Board of Directors (WALCO) for each tranche.