Indiabulls Limited is expanding into the fintech sector by acquiring a 70% stake in Fintech Cloud Private Limited for Rs. 1,050 crore, valuing the target at Rs. 1,500 crore. The deal will be executed via a scheme involving the issuance of up to 21 crore equity shares.
Indiabulls Limited is expanding its footprint by entering the fintech segment through the acquisition of a 70% stake in Fintech Cloud Private Limited. The strategic deal values the target company at Rs. 1,500 Crore, with Indiabulls deploying Rs. 1,050 Crore through an NCLT scheme by issuing up to 21 crore...
