- Indiabulls Limited (IBULLSLTD – NSE / BSE: 533520) approved the acquisition of 70 % of Fintech Cloud Private Limited for ₹ 1,050 crore, issuing up to 21 crore fully‑paid equity shares.
- The purchase gives Indiabulls majority control and board representation, expanding into fintech solutions for NBFCs.
- Fintech Cloud Private Limited reported ₹ 133.77 cr revenue and ₹ 30.31 cr profit before tax in FY 2025‑26, its first year of earnings.
- Consideration is cash‑free and share‑based; closing hinges on NCLT, SEBI and stock‑exchange approvals, targeted within 9–12 months.
- The transaction is arm’s‑length with no related‑party concerns, as promoters hold no interest in the target.
The transaction expands Indiabulls into NBFC tech solutions while adding an immediately profitable business (FY26 revenue ₹133. 77 crore, PBT ₹30. 31 crore).
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