Indiabulls acquires 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
- the company
- ₹1,500 crore
Indiabulls Limited has signed an agreement to acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 crore, valuing the company at ₹1,500 crore. This acquisition aims to enhance Indiabulls' presence in the fintech sector, leveraging Fintech Cloud's technology-enabled loan services.
• Fintech Cloud reported gross revenue of ₹133.77 crore and profit before tax of ₹30.31 crore in FY2025-26.
• The deal will be executed through an NCLT-approved scheme involving existing shareholders.
Not investment advice. For informational purposes only.