Merger of NBFCs: Caspian Debt to merge with BlackSoil Capital
NBFCs), BlackSoil Capital, an alternative credit provider, and Caspian Impact Investments (Debt), an impact investment lender, on Thursday announced that they have received unanimous approval from their respective Boards of Directors to merge through a share swap.
This decision paves the way for creating a combined entity uniquely positioned to deliver value to various stakeholders such as clients, shareholders, lenders, investors and employees and boost operational efficiencies. After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil.
This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in.
With a combined AUM of over Rs 2,000 Crore, the merged company, BlackSoil, will be well-positioned to capitalise on growth opportunities and provide extensive credit solutions to the startup ecosystem, financial institutions and MSMEs in an evolving marketplace.
The merger will provide a broader client base, enhancing market presence and competitive edge. The combined disbursements of both companies stand at over Rs 10,000 crore across 450+ companies, showcasing significant market presence and expertise. Both companies also share a strong commitment to Environmental, Social, and Governance (ESG) principles and impact investing, which will facilitate seamless integration and cultural alignment. Post-merger, BlackSoil will have a geographical footprint across major
