Indiabulls to Acquire 70% Stake in Fintech Cloud for ₹1,050 Crore
Indiabulls Limited will acquire 70% of Fintech Cloud Private Limited for ₹1,050 crore. Fintech Cloud reported ₹133.77 crore revenue in FY26. The acquisition, valued at ₹1,500 crore, aims to expand Indiabulls into the fintech sector. Completion is expected in 9-12 months via an NCLT-approved scheme.
Acquiring a substantial stake in a fintech company for ₹1,050 crore is a major strategic move that will significantly alter the company's business focus and market presence.
The acquisition of a 70% stake in a fintech company for a significant sum indicates strategic expansion and potential for future growth in a new segment.
Indiabulls Limited has executed a definitive agreement to acquire a 70% stake in Fintech Cloud Private Limited for a consideration of ₹1,050 crore. The acquisition, valued at ₹1,500 crore for the target company's equity, aims to enable Indiabulls to enter the fintech segment by providing technology solutions to NBFCs.
The agreement was finalized during a Board meeting held on September 11, 2026, which commenced at 8:30 p.m. and concluded at 8:55 p.m. Fintech Cloud Private Limited, a loan service provider, reported a gross revenue of ₹133.77 crore and a Profit Before Tax (PBT) of ₹30.31 crore in FY 2025-26. The acquisition does not fall under related party transactions and is expected to be completed within 9-12 months, subject to NCLT, SEBI, Stock Exchange, and other necessary approvals.
The consideration will be settled through the issuance of up to 21 crore fully paid-up equity shares of Indiabulls Limited to the shareholders of Fintech Cloud Private Limited, in accordance with an NCLT-approved Scheme of Amalgamation. Following the acquisition, Indiabulls Limited will appoint the majority of directors on the Board of the Target Company.
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Indiabulls Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Indiabulls Limited. Read the original for the full detail.