Caspian Debt To Merge With BlackSoil Capital

Two of India’s non-banking financial companies (NBFCs), BlackSoil Capital, an alternative credit provider, and Caspian Impact Investments (Debt), an impact investment lender, said on Wednesday 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 enhanced 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, as per a press release.

"We are profoundly optimistic about the myriad opportunities this merger presents for our esteemed clients, best in class lenders, dedicated employees and valued shareholders," affirmed Ankur Bansal, Managing Director and Co-Founder of BlackSoil Capital.

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, claimed the press release. 

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 plus companies, showcasing significant market presence and expertise. Postmerger, BlackSoil will have a geographical footprint across major metro cities like Mumbai, Hyderabad, Delhi, and Bengaluru.

"This merger marks a transformative milestone in Caspian Debt's ongoing commitment to delivering unparalleled credit solutions to our valued clientele," stated Avishek Gupta, Managing Director & CEO of Caspian Debt.

As per the press release, the merger was advised by Haitong Securities India Pvt. for BlackSoil Capital and BOB Capital Markets for Caspian Debt.