Clix Capital, Suryoday SFB in merger talks; deal in advanced stage

Clix had earlier made a non-binding offer to buy up to 85 per cent stake in LVB

Clix Capital Services, a digital-lending shadow bank, is in merger talks with Suryoday Small Finance Bank (SSFB), a listed entity. The non-banking financial company (NBFC) is run by former GE Capital boss Pramod Bhasin and former D E Shaw & Co managing director (MD) Anil Chawla.

According to sources, “the due diligence is already on for the proposed merger, which is in a fairly advanced stage. The deal is expected to be closed soon”. Centrum Capital is said to be the matchmaker.

It was pointed out that the merger talks between Clix Capital and SSFB are an indication of the