Indiabulls Limited – Board Approval for Acquisition of Fintech Cloud Private Ltd (NSE: IBULLSLTD, BSE: 533520)

Introduction

On September 11 2026, Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) filed a Regulation 30 announcement with the National Stock Exchange of India (NSE) and BSE, informing shareholders of the Board’s approval to acquire a 70 % stake in Fintech Cloud Private Limited.

Key Highlights of the Board Decision

Strategic Acquisition

• Target: Fintech Cloud Private Limited – a technology‑solutions provider serving NBFCs (Loan Service Provider).
• Stake Acquired: 70 % of the issued, subscribed and paid‑up equity.
• Purpose: Enables Indiabulls to enter the fintech segment and expand its service offering to NBFCs, complementing its existing business.

Transaction Structure & Consideration

Aspect	Details
Total Consideration	₹ 1,050 crore (70 % of target’s equity valuation of ₹ 1,500 crore).
Payment Method	Issuance of up to 21 crore fully paid‑up equity shares of Indiabulls Limited to the shareholders of Fintech Cloud, under an NCLT‑approved Scheme of Amalgamation.
Timeline	Expected completion within 9–12 months after requisite approvals.
Regulatory Approvals	Requires NCLT, SEBI, Stock‑Exchange, and other shareholder approvals.

Financial Profile of the Target (FY 2025‑26)

• Gross Revenue: ₹ 133.77 crore
• Profit Before Tax (PBT): ₹ 30.31 crore
• Turnover History: Nil in FY 2023‑24 and FY 2024‑25; revenue generated in FY 2025‑26 reflects recent operational ramp‑up.

Governance & Related‑Party Considerations

• The acquisition does not constitute a related‑party transaction.
• Promoters / promoter group have no existing interest in Fintech Cloud Private Ltd.
• Upon completion, Indiabulls will appoint the majority of directors on the target’s board, ensuring control over strategic decisions.

Industry & Business Scope

• Sector: Technology Solutions (Fintech).
• Core Offering: Technology‑enabled origination, underwriting, and servicing platforms for NBFCs.
• Geographic Presence: India.

Regulatory & Compliance Summary

• The announcement complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 and the SEBI Master Circular No. SEBI/HO/49/14/14(7)2025‑CFD‑POD2/I/3762/2026 dated 30 January 2026.
• Detailed disclosures are provided in Annexure A of the filing, covering target details, transaction rationale, approval requirements, and share‑issuance mechanics.

Investor Implications

• Strategic Diversification: The deal marks Indiabulls’ entry into the high‑growth fintech space, potentially diversifying revenue streams beyond its current operations.
• Capital Allocation: The transaction is equity‑based, diluting existing shareholders but preserving cash resources.
• Risk Factors: Completion is contingent on multiple regulatory clearances and the successful integration of Fintech Cloud’s technology platform.

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This article reflects only the information disclosed in Indiabulls Limited’s Regulation 30 filing dated 11 September 2026.