BlackSoil Capital, an alternative credit provider, and Caspian Debt, an impact investment lender, on Wednesday, announced a strategic merger through a share swap.
This decision has received unanimous approval from their respective Boards of Directors and the combined entity aims to deliver enhanced value to stakeholders, including clients, shareholders, lenders, investors, and employees, while boosting operational efficiencies.
Following the completion of the merger and receipt of regulatory approvals, Caspian Debt will be fully integrated into BlackSoil. The merged entity will operate under the BlackSoil name and will possess a combined Assets Under Management (AUM) exceeding INR 2,000 Crore.
Together, BlackSoil and Caspian Debt have disbursed over INR 10,000 Crore across more than 450 companies. Post-merger, the combined company will have a geographical footprint, with operations in major metro cities including Mumbai, Hyderabad, Delhi, and Bengaluru.
Ankur Bansal, Managing Director and Co-Founder of BlackSoil Capital, commented, “BlackSoil Capital and Caspian Debt share an unwavering vision of excellence and a steadfast dedication to providing best-in-class credit solutions. United, we will leverage our collective strengths to drive transformative innovations and achieve sustainable, long-term growth in an ever-evolving marketplace.”
Avishek Gupta, Managing Director & CEO of Caspian Debt, added, “By synergizing our core competencies across diversified asset classes, Caspian and BlackSoil will continue to catalyze innovation and growth. We aim to lead the market in delivering creative credit solutions to high-growth companies and entrepreneurs.”
The merger is advised by Haitong Securities India Pvt. Ltd. for BlackSoil Capital and BOB Capital Markets Ltd. for Caspian Debt.
