SUMMARY
- BlackSoil Capital and Caspian Impact Investments (Debt) have announced a merger through a share swap, pending regulatory approvals.
- The merged entity will have a combined AUM of over Rs 2,000 crore, positioning it as a leading player in the alternative credit market with a focus on startups, financial institutions, and MSMEs.
- Both companies share a commitment to ESG principles and impact investing, ensuring seamless integration and a broader market presence, with disbursements totaling over Rs 10,000 crore across more than 450 companies./li>
BlackSoil Capital and Caspian Impact Investments (Debt), two prominent Non-Banking Financial Companies (NBFCs) in India, have announced a merger through a share swap arrangement. This merger, which received unanimous approval from the boards of both companies on September 4, is subject to regulatory approvals. Once completed, Caspian Debt will be fully integrated into BlackSoil.
The merger aims to create a combined entity that will enhance value for all stakeholders, including clients, shareholders, lenders, investors, and employees. It is expected to boost operational efficiencies and position BlackSoil as a leading player in the alternative credit segment. With a combined Assets Under Management (AUM) exceeding Rs 2,000 crore, the merged entity will be strategically poised to capitalize on growth opportunities, particularly in providing extensive credit solutions to startups, financial institutions, and Micro, Small, and Medium Enterprises (MSMEs) across an evolving marketplace.
The combined entity will have a significant presence, with disbursements exceeding Rs 10,000 crore across more than 450 companies. The merger will expand BlackSoil’s geographical footprint to major metro cities, including Mumbai, Hyderabad, Delhi, and Bengaluru. Both companies have emphasized their commitment to Environmental, Social, and Governance (ESG) principles and impact investing, which will facilitate a smooth integration and cultural alignment.
Ankur Bansal, Managing Director and Co-Founder of BlackSoil Capital, expressed optimism regarding the merger, stating, “We are profoundly optimistic about the myriad opportunities this merger presents for our esteemed clients, best-in-class lenders, dedicated employees, and valued shareholders.” Bansal highlighted the shared vision of both companies to provide innovative and sustainable credit solutions and drive long-term growth.
Avishek Gupta, Managing Director & CEO of Caspian Debt, described the merger as a “transformative milestone” for Caspian Debt’s commitment to delivering superior credit solutions. Gupta noted that the combined entity would leverage its core competencies across diversified asset classes to set new benchmarks of excellence in the alternative credit segment.
Haitong Securities India Pvt Ltd is advising BlackSoil Capital on the merger, while BOB Capital Markets Ltd is serving as the advisor to Caspian Debt.
