Indiabulls to buy 70% of Fintech Cloud for ₹1,050 cr
Business
Indiabulls is making a big move into fintech, picking up 70% of Fintech Cloud Private Ltd. for ₹1,050 crore.
The deal values Fintech Cloud at ₹1,500 crore and will be settled by Indiabulls issuing up to 21 crore shares to Fintech Cloud's shareholders.
Indiabulls gains NBFC tech, board control
With this acquisition, Indiabulls gets access to Fintech Cloud's tech solutions for NBFCs (think loan servicing and underwriting), which should boost its presence in financial services.
Indiabulls will also gain board control by appointing most directors.
The deal needs regulatory approval but is expected to wrap up in nine to 12 months.
Fun fact: Fintech Cloud only started earning revenue this year, hitting ₹133.77 crore with a profit before tax of ₹30.31 crore in FY26.