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RBI clears BlackSoil-Caspian Debt merger, NCLT nod pending
- BlackSoil Capital and Caspian Debt have received approval from RBI for their merger.
- The merger aims to create a larger alternative credit platform with AUM exceeding INR 2,000 crore.
- The combined entity has provided total disbursements of over Rs 10,000 crore to over 450 businesses.
- The merger will strengthen BlackSoil's presence in major Indian metros and drive greater financial inclusion.
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