Indiabulls to Acquire 70% Stake in Fintech Cloud
Indiabulls to acquire 70% stake in Fintech Cloud for INR 1,050 crore via NCLT scheme, marking its entry into the fintech sector.
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Indiabulls Enterprises will acquire a 70 per cent stake in Fintech Cloud Private Limited for INR 1,050 crore, marking its entry into the fintech sector.
The deal will be executed through a scheme of arrangement, subject to approval from the National Company Law Tribunal (NCLT).
Fintech Cloud builds technology solutions for non-banking financial companies (NBFCs). The acquisition gives Indiabulls access to this NBFC-focused tech stack, positioning the group to expand into financial technology services alongside its existing businesses.
The transaction remains subject to regulatory approvals and customary closing conditions.
Indiabulls Enterprises will acquire a 70 per cent stake in Fintech Cloud Private Limited for INR 1,050 crore, marking its entry into the fintech sector.
The deal will be executed through a scheme of arrangement, subject to approval from the National Company Law Tribunal (NCLT).
Fintech Cloud builds technology solutions for non-banking financial companies (NBFCs). The acquisition gives Indiabulls access to this NBFC-focused tech stack, positioning the group to expand into financial technology services alongside its existing businesses.
The transaction remains subject to regulatory approvals and customary closing conditions.
