Aye Finance Limited
Bank of India Mutual Fund increased its stake in Aye Finance Limited from 1.15% to 1.20%, raising its shareholding from 28,32,198 to 29,65,013 shares.
An NBFC that provides secured and unsecured small business loans to micro-scale MSMEs across India. Aye Finance offers working capital solutions, mortgage loans, property loans, and hypothecation loans designed for small entrepreneurs and business owners. The company distinguishes itself by focusing on underserved micro-businesses that require accessible and flexible financing options for operational needs, inventory management, and business expansion.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.