Alpha Wave India I sold its entire stake of 1.92 Cr shares, amounting to a 7.56% stake, in Aye Finance
The global investment firm had already pared its stake during the IPO. Notably, it also exited Delhivery earlier this year
Separately, F3 Advisors also sold 74,505 shares of Aye Finance and picked up 14.6 Lakh shares at a lower price
Global investment firm Alpha Wave has offloaded nearly 1.92 Cr shares or 7.78% stake in MSME-focused NBFC Aye Finance
via bulk deals today, as per BSE data.
Alpha Wave India I sold two separate tranches of 95.94 Lakh shares each at weighted average prices of ₹168.19 and ₹168.02 apiece respectively. The investor raked in a total about ₹322.6 Cr via the stake sale.
The same entity had a 7.78% stake in Aye Finance, amounting to 1,91,88,604 shares, as of June 30, 2026. Hence, after today’s stake sale, the investor has exited Aye Finance.
This adds on to the string of partial or complete exits that Alpha Wave is on of late. As per reports earlier today, the firm is looking to sell over 2 Cr shares of other portfolio company Lenskart for around ₹1,313 Cr.
This would be the second instance of Alpha Wave offloading stake in Lenskart since the expiry of its lock-in period, selling 3.72 Cr shares in the company back in May.
It also recently exited logistics major Delhivery with the sale of 72.2 Lakh shares, raking in about ₹665 Cr.
Meanwhile, the shares offloaded by the investment firm were lapped up by Integrated Core Strategies (Asia), an associate of Millennium Management, Singularity AMC’s Singularity Large Value Fund III, among other buyers.
Additionally, boutique advisory firm F3 Advisors also sold 74,505 shares at ₹173.88 per share, while buying 14.6 Lakh shares at a lower price, i.e. ₹169.23 per share.
At the time of Aye Finance’s public listing in February, Alpha Wave held 11.2% stake in the NBFC. The global investment company had sold 23.25 Lakh shares worth ₹30 Cr via the public listing, bagging a 1.4X gain on its initial investment.
Important to highlight that Aye Finance’s IPO was undersubscribed and the stock listed flat at the issue price of ₹129 on the bourses.. Since listing, it has made a turnaround of sorts, gaining nearly 42%. It closed today’s trading session 2.89% higher at ₹181.60 on the BSE.
On the financial front, the NBFC’s net profit in Q1 FY27 jumped 144% YoY to ₹74.5 Cr, while revenue from operations rose 18%. However, on a sequential basis, profit and revenue declined 13.3% and 7.3% respectively.
Aye Finance reported ₹7,324 Cr in assets under management (AUM), a net worth of ₹2,528 Cr and a capital adequacy ratio of 42.38% during Q1 FY27.
Source: Inc42
