INDIABULLS IN FOCUS AFTER FINTECH CLOUD ACQUISITION DEAL

Indiabulls shares are likely to remain in focus on September 15 after the company announced plans to acquire a 70% stake in Fintech Cloud, a technology-enabled solutions provider catering to non-banking financial companies. The company’s board, on September 11, approved a definitive agreement to acquire the stake for ₹1,050 crore. The consideration will be paid through the issuance of up to 21 crore fully paid-up equity shares of Indiabulls to the existing shareholders of Fintech Cloud. The transaction remains subject to approvals from the National Company Law Tribunal, Securities and Exchange Board of India, stock exchanges, shareholders and other applicable regulatory authorities. Indiabulls shares closed at ₹25.89, registering a 4.99% gain. The stock has surged nearly 190% from its 52-week low, although it remains around 20% below its 52-week high. The company’s market capitalisation stood at approximately ₹6,038 crore. The company has also been expanding its real-estate development pipeline. In August, Indiabulls entered into an agreement with a private landowner to manage the development of a residential project spread across around 10.84 acres along the Dwarka Expressway in Gurugram. The project is estimated to add nearly ₹3,700 crore to its development pipeline. Financially, Indiabulls reported a consolidated net profit of ₹142.99 crore for the June quarter, compared with a consolidated net loss of ₹1.81 crore in the corresponding quarter last year. Revenue from operations rose sharply to ₹359.45 crore during the quarter, compared with ₹91.62 crore in the restated quarter ended June 30, 2025.