Author: Aadarsh Patel | EQMint
Indiabulls Limited is set to enter the fintech and NBFC technology space after its board approved a proposal to acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 crore.
The transaction will value Fintech Cloud at ₹1,500 crore and give Indiabulls a majority position in a company that provides technology-driven services to regulated non-banking financial companies.
Indiabulls Approves Fintech Cloud Deal
In a stock exchange filing dated September 11, 2026, Indiabulls Limited, formerly known as Yaari Digital Integrated Services Limited, said its board had approved the execution of a definitive agreement with Fintech Cloud.
Under the proposed transaction, Indiabulls will acquire 70% of Fintech Cloud’s issued, subscribed and paid-up equity share capital.
The acquisition will be implemented through a scheme of amalgamation subject to approval from the National Company Law Tribunal (NCLT) and other relevant authorities. Indiabulls will also have the right to appoint a majority of the directors on Fintech Cloud’s board with immediate effect, according to the disclosure.
Fintech Cloud Provides Technology Services To NBFCs
Fintech Cloud operates as a Loan Service Provider (LSP), providing technology-based solutions covering loan origination, underwriting and servicing for regulated NBFCs.
The company was incorporated on January 11, 2021. It reported no turnover in FY2023-24 and FY2024-25. However, its business recorded a significant increase in FY2025-26, when gross revenue stood at approximately ₹133.77 crore.
Fintech Cloud reported a profit before tax of ₹30.31 crore during the same financial year.
Deal To Be Settled Through Equity Shares
The ₹1,050 crore consideration will not be paid as a conventional cash acquisition.
Instead, Indiabulls plans to issue up to 21 crore fully paid-up equity shares to the shareholders of Fintech Cloud. The share issuance will be subject to SEBI’s ICDR pricing requirements and other applicable regulations.
The company said the proposed transaction does not qualify as a related-party transaction. It also stated that neither its promoters nor members of the promoter group have any interest in Fintech Cloud.
Regulatory Approvals Required
The transaction is subject to approvals from multiple authorities and stakeholders, including the NCLT, SEBI, stock exchanges and shareholders.
Indiabulls expects the acquisition process to be completed within approximately 9 to 12 months, subject to the required approvals and conditions.
Indiabulls Expands Into Fintech
The acquisition marks a strategic move by Indiabulls to diversify into the fintech sector, particularly technology infrastructure supporting regulated lending businesses.
By acquiring a controlling interest in Fintech Cloud, the company will gain exposure to technology solutions across key stages of the NBFC lending process, including origination, underwriting and loan servicing.
The transaction therefore represents a move beyond Indiabulls’ existing operations and into the growing intersection of financial services and technology.
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