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Indiabulls agrees to buy 70% of Fintech Cloud for ₹1,050 crore

Indiabulls Ltd entered a definitive agreement to acquire a 70% stake in Fintech Cloud Private Ltd for ₹1,050 crore, valuing the target at ₹1,500 crore, via a NCLT scheme.

IBULLSLTD

Indiabulls Ltd said on Friday (September 11) that it has entered into a definitive agreement to acquire a 70% stake in Fintech Cloud Private Ltd for ₹1,050 crore, valuing the target company at ₹1,500 crore. The acquisition is to be carried out through a scheme under the National Company Law Tribunal…