Indiabulls Limited is expanding its footprint by entering the fintech segment through the acquisition of a 70% stake in Fintech Cloud Private Limited.

IL

Indiabulls LimitedIBULLSLTD · Filed with the exchange

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 equity shares.

The target company specializes in technology-enabled origination, underwriting, and servicing solutions for NBFCs, posting a gross revenue of Rs. 133.77 Crore in FY 2025-26. This move instantly grants Indiabulls majority board control and broadens its technological capabilities in the financial sector.

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