Indian NBFCs Caspian Debt and BlackSoil Capital receive unanimous approval for a merger via share swap, forming a combined entity under BlackSoil name.

Caspian Debt and BlackSoil Capital, two Indian non-banking financial companies, have received unanimous board approval for a merger via share swap. The new entity will operate under the BlackSoil name, with assets exceeding ₹2,000 crore and combined disbursements surpassing ₹10,000 crore across 450 clients. This merger aims to enhance stakeholder value, operational efficiency, and growth opportunities in the startup and MSME sectors.

September 04, 2024
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