Apollo Global Management has initiated the process of selling a majority stake in Clix Capital, a non-banking finance company (NBFC) in its portfolio.

Clix Capital was originally established by the GE Group in 1994 and was acquired by Pramod Bhasin and Anil Chawla, former GE India executives, in 2016. Bhasin and Chawla currently hold a combined 15% stake in the company. AION Capital Partners held an 85% stake until Apollo took over management in 2020.

The firm is willing to offer a 51% stake, with the final amount depending on valuations and buyer interest. The sale is open to both private equity and strategic buyers, and Bhasin and Chawla will assess any potential stake dilution or exit based on deal pricing and other factors.