Indiabulls to acquire 70% stake in Fintech Cloud for ₹1,050 cr

Indiabulls plans to acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 crore, valuing the firm at ₹1,500 crore. The deal involves issuing up to 21 crore new shares under an NCLT-approved merger scheme. Founded in 2021, Fintech Cloud posted ₹133.77 crore revenue in FY26. Deal awaits SEBI and shareholder approvals.