Alpha Wave Global has sold its entire shareholding in Aye Finance through open market transactions worth around Rs 322.57 crore. Alpha Wave Global, through its affiliate -- Alpha Wave India I LP, has offloaded around 1.92 crore shares, representing 7.78% of the total shareholding, of the company in two tranches. Alpha Wave India I LP has sold 95,94,302 shares at an average price of Rs 168.02 apiece and another 95,94,302 shares at an average price of Rs 168.19 apiece.
Aye Finance is a NBFC-ML focused on providing loans to MSMEs across India. The company offers a range of business loans for working capital and business expansion needs, against hypothecation of working assets or against security of property to customers across manufacturing, trading, service and allied agriculture sectors.
