M&A

M&A

BlackSoil acquires Credit Fair’s solar financing biz for Rs.45-Cr

Mint  

Alternative credit platform BlackSoil has acquired the solar financing business of Mumbai-headquartered Credit Fair through a cash slump sale for about INR 45 crore. The transaction involves the transfer of assets under management (AUM) amounting to about INR 160 crore.BlackSoil plans to use the acquisition to enter the rooftop solar lending segment and strengthen its presence in the B2B2C financing ecosystem. The firm aims to leverage its structured credit expertise to meet the financing needs of consumers and businesses, with a target loan size of INR 3 lakh to INR lakh per client.