Indiabulls Agrees To Acquire 70% Of Fintech Cloud For ₹1,050 Crore

Board to acquire 70% of Fintech Cloud for Rs1050 Cr (Rs1500 Cr value) via NCLT scheme issuing up to 21 Cr shares; majority board control immediately. Target FY26 revenue Rs133.8 Cr, PBT Rs30.3 Cr. Marks return to fintech after exiting digital lending; all-share deal preserves zero-debt equity-funded approach. NCLT scheme route is routine for this serial restructurer. Up to 21 Cr share dilution with price under SEBI ICDR open; Rs1500 Cr value ~11x FY26 sales despite nil revenue in prior two years. Needs NCLT/SEBI/shareholder nods, 9-12 months.