Indiabulls has announced plans to acquire a 70% stake in fintech company Fintech Cloud for Rs 1,050 crore. The deal is expected to be carried out through an NCLT (National Company Law Tribunal) scheme.
The transaction values Fintech Cloud at Rs 1,500 crore, according to the terms cited in the report. The sources presented here focus on the stake size, the purchase consideration, and the implied valuation, without detailing additional conditions, timelines, or regulatory approvals. Any further specifics about the scheme, such as process steps, expected completion date, or minority shareholder treatment, are not included in the provided accounts.
