Acquisitions11 Sept 2026, 09:10 pm
Indiabulls to Acquire 70% of Fintech Cloud for ₹1050 Cr
AI Summary
Indiabulls Limited announced its board meeting outcome, detailing the execution of a definitive agreement to acquire 70% of Fintech Cloud Private Limited for ₹1050 crore. The acquisition, valued at ₹1500 crore, will be executed via an NCLT Scheme and is expected to take 9-12 months to complete. Fintech Cloud, a technology solutions provider for NBFCs, reported a gross revenue of ₹133.77 Cr and PBT of ₹30.31 Cr in FY 2025-26. This move marks Indiabulls' entry into the fintech segment. The consideration will be settled through the issuance of up to 21 crore equity shares of Indiabulls Limited.
Key Highlights
- Indiabulls to acquire 70% stake in Fintech Cloud Private Limited.
- Acquisition consideration is ₹1050 crore, with an equity valuation of ₹1500 crore.
- Fintech Cloud reported FY26 revenue of ₹133.77 Cr and PBT of ₹30.31 Cr.
- Indiabulls aims to enter the fintech segment through this acquisition.
- Completion is expected within 9-12 months, subject to regulatory approvals.
Price Impact
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