Indiabulls to acquire 70% in Fintech Cloud for Rs 1,050 cr via share swap
IBULLSLTD · price
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Indiabulls Limited will acquire 70% stake in Fintech Cloud Private Limited, a loan service provider for NBFCs, for Rs 1,050 crore (total equity value Rs 1,500 cr). Payment via issue of up to 21 crore Indiabulls shares through an NCLT scheme of amalgamation. Target had FY26 revenue of Rs 133.77 cr and PBT of Rs 30.31 cr. Deal expected to close in 9-12 months, subject to NCLT and SEBI approvals. Not a related-party deal.
Share-swap acquisition expands Indiabulls into fintech and NBFC tech solutions. 21 cr new shares mean dilution for existing holders; closing is 9-12 months away.