Clix Capital
Clix Capital aims to double its profit to Rs 100 crore in FY 2024
NBFC player Clix Capital Services looks to double its profit to Rs 100 crore in the next 2023-24 fiscal by focusing on lending to MSMEs and other segments. The post-pandemic period saw massive pent-up demand amongst sectors severely impacted due to Covid-19 and the subsequent lockdowns, such as travel and tourism, education, healthcare and automobiles, the company said in a release. "Clix Capital diligently utilised the Covid-induced disruption as an opportunity to reassess its business strategy as well as digitalise its core-operating model at scale," it said. Clix Capital is poised to cross an AUM (Assets under Management) of Rs 5,000 crore by the end of this fiscal and aims to surpass Rs 9,000 crore by 2024-25, it said. By servicing consumers and MSMEs, Clix has disbursed more than Rs 18,000 crore to date. Most of the company's disbursements have gone to underserved MSMEs. "...the company has carved its niche in focused business segments in line with India's growth trajectory i
 "Clix Capital aims to double its profit to Rs 100 crore in FY 2024")
Clix Capital targets Rs 40 billion loan disbursal in next fiscal year
Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning April 1
 "Clix Capital targets Rs 40 billion loan disbursal in next fiscal year")
What symptoms do merger talks between Clix and Suryoday SFB represent?
The guidelines for on-tap SFB licences have it that an applicant not found suitable for a licence will not be eligible to apply again for three years
 "What symptoms do merger talks between Clix and Suryoday SFB represent?")
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, Suryoday SFB in merger talks; deal in advanced stage")
Lakshmi Vilas Bank may decide on proposed merger with Clix on Saturday
On September 29, Business Standard had reported that Clix Capital would seek indemnity for its directors from litigation if the merger were to go through
 "Lakshmi Vilas Bank may decide on proposed merger with Clix on Saturday")
Clix getting controlling stake after merger with LVB may have hurt deal
AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience
 "Clix getting controlling stake after merger with LVB may have hurt deal")
Shareholders of Lakshmi Vilas Bank divided on merger with Clix group
Some large investors are uncomfortable with Clix group's proposal to take up to 90% stake in the bank
 "Shareholders of Lakshmi Vilas Bank divided on merger with Clix group")
Lakshmi Vilas Bank gains 16% on receiving non-binding offer from Clix Group
The offer suggests the private equity firm comprising Clix Capital Services Private Limited, Clix Finance India Private Limited and Clix Housing Finance Private Limited would be amalgamated with LVB
Clix Group submits offer for up to 90% stake in Lakshmi Vilas Bank
Clix, backed by AION Capital, had submitted its letter of intent to LVB on June 15
 "Clix Group submits offer for up to 90% stake in Lakshmi Vilas Bank")
Lakshmi Vilas Bank gets indicative non-binding offer from Clix Group
The bank's weakening performance, rising slippages in corporate book and the impact on profitability and risk-weighted asset portfolio may further increase capital requirement
 "Lakshmi Vilas Bank gets indicative non-binding offer from Clix Group")
Top headlines: LVB gets non-binding offer from Clix, Future Group vs Amazon
From Lakhsmi Vilas Bank getting non-binding offer from Clix to India's richest getting richer amid lockdown, Business Standard brings you the top headlines of the day
 "Top headlines: LVB gets non-binding offer from Clix, Future Group vs Amazon")
Clix Capital, Lakshmi Vilas Bank set to make a joint presentation to RBI
Clix will put forth details on the merger and state some of its key conditions critical for the deal to come through
 "Clix Capital, Lakshmi Vilas Bank set to make a joint presentation to RBI")
Clix Capital planning to raise upto Rs 2,500 cr through debentures
The company would raise funds through private placement of debentures in one or more tranches. It, however, did not elaborate on the purpose of raising funds.
 "Clix Capital planning to raise upto Rs 2,500 cr through debentures")
Kanorias likely to gain from Lakshmi Vilas Bank's boardroom battle
SREI may up stake; differences between Kanorias, promoter may have led to crisis
 "Kanorias likely to gain from Lakshmi Vilas Bank's boardroom battle")
Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI
The lender's chief executive S Sundar and six other directors were voted out by shareholders earlier this week
Lakshmi Vilas Bank, Clix Capital reaffirm commitment to ongoing merger
Major portion of due diligence completed; application to RBI is likely in one - two weeks
RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank
Beleaguered bank is currently in merger talks with Clix Capital
 "RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank")
Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal
It is estimated that about Rs 700 - 900 crore of likely liability may hit the bank
 "Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal")
Clix Group completes due diligence of LVB ahead of proposed amalgamation
The two parties had earlier agreed to extend the due diligence exclusivity period till September 15 due to prevailing Covid-19 pandemic situation
Paytm appoints Bhavesh Gupta as Chief Executive Officer of lending business
Most recently, Gupta served as the founding member and chief executive officer (CEO) of Clix Capital
 "Paytm appoints Bhavesh Gupta as Chief Executive Officer of lending business")
