Aye Finance Limited
Ashoka WhiteOak has dropped off Aye Finance Limited's latest shareholder list after previously holding a 1.18 percent stake. This shift represents either a complete exit or a reduction to just below the 1 percent public disclosure threshold.
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.
India equity vehicle of WhiteOak Capital, the Singapore-headquartered manager founded in 2017 by Prashant Khemka, former CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets businesses. WhiteOak group manages USD 10.8 bn (~Rs 96,000 cr) across SMAs and funds. Ashoka India Opportunities Fund ranks as the best-performing India UCITS fund since 2018 inception.