Clix Capital

In 2016, former GE India duo Pramod Bhasin and Anil Chawla along with AION Capital Partners acquired Clix Capital. AION , a joint venture between ICICI Venture Funds and Apollo Global Management, ended in 2020, and currently, Apollo Global is directly managing the group

MC Exclusive| Clix Capital to see inbound interest from global PE firms, weighs public issue

Aion Capital looking at an exit from Clix Capital in next 12-18 months, say sources. The company will start getting ready for an IPO in next 18 months, source said.

Clix Capital aims to double disbursal in FY22

The Gurugram-based NBFC had disbursed Rs 2,220 crore in 2020-21 and around Rs 4,000 crore in the 2019-20.

Lakshmi Vilas Bank says received an ‘indicative non-binding offer’ from Clix Group

Lakshmi Vilas Bank on September 15 said the mutual due diligence process for merger with Clix Group is substantially complete and both parties are in discussions on the next steps.

Crisis-ridden LVB may look at a rights issue to raise capital

LVB has already engaged informally with some of its existing investors to understand their willingness to participate in the issue. Rights issue is an active option on the table.

LVB Bank: Following AGM drama, RBI pushes for an early merger

Pressure mounts on Clix Group and Lakshmi Vilas Bank to seal merger quickly. RBI concerned about the situation at LVB after the ouster of most directors from the Board by shareholders last week. The bank is currently run by a three-member committee of independent directors. If the Clix deal fails, the regulator may look at other options

Lakshmi Vilas Bank says due diligence 'substantially complete' for Clix Group merger

Earlier, the bank had signed a preliminary, non-binding letter of intent with Clix Capital Services Private Limited and Clix Finance India Private Limited in relation to the proposed amalgamation of Clix Group with the bank.

Clix Capital partners with Wadhwani Foundation to support MSMEs

Under the Wadhwani Sahayata Business Stability programme, Clix Capital and Wadhwani Foundation will select 2,000 MSME partners and provide them one-on-one mentorship from experts and access to consultants and advisors for finding solutions to MSME's key business challenges.

Lakshmi Vilas Bank locked in upper circuit on signing LOI with Clix Capital

Lakshmi Vilas Bank was locked in upper circuit on June 16 after the bank signed a preliminary, non-binding letter of intent (Loi) with Clix Capital Services Private Ltd.

Second-time lucky? Clix Capital offers to play Santa at Lakshmi Vilas Bank

The bank was in talks with Indiabulls Housing Finance last year for a possible merger. That didn’t go through after the regulator rejected the proposal. Once again, the lender is trying its luck with another larger investor.