Caspian Debt Merges with BlackSoil Capital: Creating Largest Alternative Credit Player
By Rediff Money Desk, New Delhi Sep 04, 2024 18:42
Caspian Impact Investments and BlackSoil Capital are merging to create BlackSoil, a leading alternative credit player with over Rs 2,000 crore AUM. The merger will enhance market presence and provide extensive credit solutions to startups, financial institutions, and MSMEs.
New Delhi, Sep 4 (PTI) NBFC firm Caspian Impact Investments will merge with another non-bank company BlackSoil Capital as their respective boards have given approvals for amalgamation through a share swap, a statement said.
After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil, the companies said in a joint statement.
This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in, it said.
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, it said, adding the combined disbursements of both companies stand at over Rs 10,000 crore across 450-plus 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, it said.
Post-merger, BlackSoil will have a geographical footprint across major metro cities like Mumbai, Hyderabad, Delhi, and Bengaluru, it said.
After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil, the companies said in a joint statement.
This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in, it said.
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, it said, adding the combined disbursements of both companies stand at over Rs 10,000 crore across 450-plus 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, it said.
Post-merger, BlackSoil will have a geographical footprint across major metro cities like Mumbai, Hyderabad, Delhi, and Bengaluru, it said.
Source: PTI
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