The acquisition will be carried out through a scheme under the National Company Law Tribunal (NCLT), with Indiabulls also taking control of the target’s board.
Fintech Cloud is a technology solutions company that acts as a Loan Service Provider (LSP) for various regulated entities and provides technology-enabled solutions and support for loan origination, underwriting and servicing to Non-Banking Financial Companies (NBFCs).
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Under the proposed transaction, Indiabulls will acquire 70% of the issued, subscribed and paid-up equity share capital of Fintech Cloud. The company will also appoint the majority of directors on the target’s board with immediate effect.
The ₹1,050 crore consideration will be settled through the issuance of up to 21 crore fully paid-up equity shares of Indiabulls to the shareholders holding the 70% stake in Fintech Cloud.
The share issuance will be carried out pursuant to an NCLT-approved Scheme of Amalgamation and will be subject to applicable pricing regulations, including Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements (ICDR) regulations.
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Indiabulls said the proposed acquisition will enable it to enter the fintech segment through a business providing technology solutions to NBFCs.
Fintech Cloud was incorporated on January 11, 2021, and has a presence in India. Its revenue was nil in FY24 and FY25 before rising to approximately ₹133.77 crore in FY26, when it reported a profit before tax (PBT) of ₹30.31 crore.
The proposed acquisition does not constitute a related-party transaction, according to the filing. Indiabulls also said its promoter, promoter group and group companies have no interest in Fintech Cloud.
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The transaction requires approvals from the NCLT and SEBI/stock exchanges, along with other applicable regulatory and shareholder approvals. Indiabulls expects the acquisition to be completed within 9-12 months.
Shares of Indiabulls Ltd ended at ₹25.89, up by ₹1.23, or 4.99%, on the BSE.
First Published: Sept 11, 2026 10:32 PM IST
