Context:
BlackSoil Capital and Caspian Debt have secured approval from the Reserve Bank of India (RBI) for their merger. The deal now awaits clearance from the National Company Law Tribunal (NCLT), expected within six to nine months.
Key Details
- Entities Involved:
- BlackSoil Capital: An alternative credit platform.
- Caspian Debt: An impact investment lender.
- Regulatory Progress:
- RBI Approval: Received.
- NCLT Approval: Pending, expected within 6–9 months.
Strategic Impact
- Enhanced Lending Capacity: The merger strengthens lending to startups, MSMEs, and impact-oriented businesses with smaller credit needs.
- Geographic Expansion:
- Extended presence in key metros: Mumbai, Hyderabad, Delhi, and Bengaluru.
