- Alpha Wave India plans to sell up to 7.8% stake in Aye Finance via block deal
- Block deal size expected around Rs 320.4 crore involving 19.2 million shares
- Deal likely priced at Rs 167 per share, a 5.5% discount to previous closing price
Alpha Wave India is likely to sell up to a 7.8% stake in Aye Finance through a block deal, sources told NDTV Profit. The total block size is expected to be around Rs 320.4 crore, involving approximately 19.2 million shares.
The block deal is likely to be executed at Rs 167 per share, which represents a 5.5% discount to Aye Finance's previous closing price.
IIFL Capital is the broker for the proposed transaction, sources told NDTV Profit.
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The stake sale by Alpha Wave India could involve up to 7.8% of Aye Finance's equity. The final size and pricing of the block deal could change depending on the transaction terms, sources said.
As of the quarter ended June 2026, Alpha Wave India held 1,91,88,604 shares in Aye Finance, representing a 7.78% stake, according to the company's shareholding pattern available with the BSE.
The proposed block deal, if completed, would therefore cover nearly the entire stake held by Alpha Wave India in Aye Finance. The transaction comes as investors track potential changes in the company's shareholding following its recent market activity.
Aye Finance shares ended Wednesday's session higher, closing at Rs 177.12 on the NSE, up 2.48% from the previous close of Rs 172.84. The stock moved between Rs 174.05 and Rs 180.23 during the session.
The stock has delivered strong returns since its market debut earlier this year. Aye Finance listed on the NSE and BSE on February 16 at Rs 129 per share, matching its IPO issue price.
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At Wednesday's closing price of Rs 177.12, the stock has gained around 37.3% from its IPO price. Since Aye Finance was listed in February 2026, this IPO-price return is a more meaningful measure of its performance so far this year.
Over the past 12 months, Aye Finance has delivered a return of about 34%, according to market-data providers. The stock's 52-week range currently stands at Rs 88.22-Rs 197.29, leaving it about 10% below its 52-week high.
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