Indiabulls: ₹1,050 Cr Fintech Cloud Acquisition

has entered into a definitive agreement with Fintech Cloud, a technology-enabled platform providing origination, underwriting and servicing solutions to NBFCs, to acquire a 70% stake for ₹1,050 crore. The transaction will be implemented through a scheme under the National Company Law Tribunal framework. Fintech Cloud provides technology and operational support across the lending lifecycle, including loan origination, underwriting and servicing. The proposed acquisition gives Indiabulls exposure to a technology-enabled financial services platform and adds another business component to its existing operations. The company will now be subject to the applicable regulatory and transaction processes before completion of the proposed acquisition. The deal is one of the significant corporate developments keeping Indiabulls in focus during today's trading session, alongside other financial-sector transactions being tracked by the market.