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- Indiabulls Limited (NSE: IBULLSLTD, BSE: 533520) received board approval to acquire 70 % of Fintech Cloud Private Limited.
- The transaction is valued at ₹ 1,050 crore, to be paid by issuing up to 21 crore fully paid‑up shares under an NCLT‑approved scheme, with completion targeted in 9–12 months pending regulatory clearances.
- Fintech Cloud Private Limited reported FY 2025‑26 gross revenue of ₹ 133.77 crore and profit before tax of ₹ 30.31 crore, after having no turnover in the two prior fiscal years.
- The acquisition gives Indiabulls entry into the high‑growth fintech‑technology segment serving NBFCs, diversifying its revenue base while diluting existing shareholders but preserving cash.
- It is not a related‑party transaction; post‑closing, Indiabulls will appoint the majority of directors on the target’s board, ensuring control over strategic decisions.
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