4 days ago
Alpha Wave Global Exits Aye Finance With ₹322 Crore Sale
Alpha Wave Global sold all of its shares in Aye Finance.
The stake was described in the headline as 7%, while the article gives the more precise figure of 7.78%.
The shares were sold in large block deals on the BSE.
The total sale was worth about ₹322 crore.
Alpha Wave India I LP made the sale for Alpha Wave Global.
Shares were sold at prices between ₹168.02 and ₹168.19 each.
Some of the buyers were Millennium Management and Singularity AMC.
Other domestic and foreign institutional investors also bought shares.
Alpha Wave Global sold its entire 7.78% stake in Aye Finance for approximately ₹322 crore.
Alpha Wave India I LP sold more than 1.91 crore shares through two BSE block-deal tranches.
The shares were sold on Thursday at prices ranging from ₹168.02 to ₹168.19 each.
Millennium Management’s Integrated Core Strategies bought 23.80 lakh shares for ₹40 crore.
Singularity AMC acquired 14.88 lakh shares for ₹25 crore, while other institutional investors also participated.
- Who
- Alpha Wave Global, through Alpha Wave India I LP, sold the stake; institutional investors including Millennium Management and Singularity AMC bought shares.
- What
- The entire 7.78% stake in Aye Finance was sold for approximately ₹322 crore through block deals.
- Where
- The transactions took place on the BSE; Aye Finance is based in Gurugram.
- When
- Thursday, according to the article.
- Why
- The article does not state why Alpha Wave Global sold its stake.
Key facts
- Seller
- Alpha Wave India I LP, an affiliate of Alpha Wave Global
- Company
- Aye Finance
- Stake sold
- 7.78%, described as 7% in the headline
- Transaction value
- Approximately ₹322 crore
- Shares sold
- More than 1.91 crore shares
- Sale price
- ₹168.02 to ₹168.19 per share
- Major buyers
- Integrated Core Strategies and Singularity AMC
Sources
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