Indiabulls to acquire 70% stake in Fintech Cloud for ₹1,050 crore
after close1 source ↓written by the desknot a recommendation
- in Fintech Cloud
- 70% stake
- Private Limited
- ₹1,050 crore
- Fintech Cloud
- ₹1,500 crore
- is expected
- 9 to 12 months
Indiabulls Limited has signed a definitive agreement to acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 crore. The deal, which values Fintech Cloud at ₹1,500 crore, is pending approval from the National Company Law Tribunal and other regulators. Completion is expected within 9 to 12 months.
This acquisition could enhance Indiabulls' presence in the fintech sector, potentially impacting investor sentiment and share performance.
Not investment advice. For informational purposes only.