Aye Finance Private Limited announced that Securities Allotment Committee of the Board of Directors of Aye Finance Private Limited has approved the allotment of 24,900 (Twenty Four Thousand and Nine Hundred) Non-Convertible Debentures having a face value of INR 1,00,000 (Indian Rupees One Lakh only) each aggregating to the nominal value of INR 249 crores, through Resolution by Circulation on May 31, 2024 to Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V (FMO) on a private placement basis.