Indiabulls Limited – Board Approval for Acquisition of Fintech Cloud Private Ltd (IBULLSLTD – NSE / 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.

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Announcement Overview

Item	Details
Date of Board meeting	11 Sept 2026 (08:30 pm – 08:55 pm)
Resolution	Execution of a definitive agreement to acquire 70 % of Fintech Cloud Private Ltd.
Consideration	₹ 1,050 crore (equity valuation of ₹ 1,500 crore)
Acquisition vehicle	NCLT‑approved Scheme of Amalgamation
Share issuance	Up to 21 crore fully‑paid equity shares of Indiabulls Limited to the target’s shareholders

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Transaction Structure

• Form of consideration – Issuance of equity shares (up to 21 cr) pursuant to the NCLT scheme; complies with SEBI ICDR pricing regulations.
• Control acquired – 70 % of the issued, subscribed and paid‑up equity of Fintech Cloud Private Ltd.
• Board representation – Indiabulls will appoint the majority of directors on the target’s board with immediate effect.
• Regulatory approvals required – NCLT sanction, SEBI/Stock‑Exchange clearance, and any other applicable shareholder or regulatory approvals.
• Expected completion timeline – 9–12 months from the date of the announcement.

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Target Company Profile

Attribute	Information
Name	Fintech Cloud Private Limited
Industry	Technology Solutions (Loan Service Provider for NBFCs)
Date of incorporation	11 Jan 2021
Geographic presence	India
Financials (FY 2025‑26)	• Revenue: ₹ 133.77 cr <br>• Profit before tax: ₹ 30.31 cr
Turnover history	FY 2023‑24 – Nil <br>FY 2024‑25 – Nil <br>FY 2025‑26 – ₹ 133.77 cr
Related‑party status	Not a related‑party transaction; promoters have no interest in the target.

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Strategic Rationale

• Entry into fintech – The acquisition enables Indiabulls to enter the fintech segment by providing technology‑enabled solutions to NBFCs, complementing its existing business lines.
• Revenue diversification – Adds a business with ₹ 133.77 cr of FY 2025‑26 revenue and a solid PBT margin, expanding the company’s service portfolio.
• Control and governance – Majority shareholding and board representation give Indiabulls decisive control over the target’s operations and strategic direction.

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Key Points for Investors

• No related‑party concerns – The deal is at arm’s length; promoters have no prior interest in the target.
• Cash‑free, share‑based consideration – Funding through issuance of up to 21 cr equity shares, preserving cash resources.
• Regulatory pathway – Completion hinges on NCLT and SEBI approvals; investors should monitor the progress of these clearances.
• Timeline – Anticipated 9‑12 month window; any delays in approvals could affect the expected closing date.

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This article reflects only the information disclosed in the Regulation 30 filing dated 11 Sept 2026.