Indiabulls

Indiabulls agreed to acquire 70% of Fintech Cloud Private Limited, a loan-service provider offering technology-enabled origination, underwriting and servicing solutions to NBFCs, at an equity valuation of ₹1,500 crore. The consideration for the stake was ₹1,050 crore, to be settled through the issue of up to 21 crore fully paid-up Indiabulls shares under an NCLT scheme, with completion scheduled within nine to 12 months subject to approvals. Fintech Cloud reported gross revenue of ₹133.77 crore and profit before tax of ₹30.31 crore in FY26, after reporting no turnover in the previous two financial years. Indiabulls' FY26 operating revenue was about ₹833 crore, including ₹267 crore from real estate, ₹123 crore from brokerage and ₹177 crore from asset-recovery operations.

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Indiabulls entered into a definitive agreement to acquire 70% of Fintech Cloud Private Limited for ₹1,050 crore, valuing the target's equity at ₹1,500 crore. The consideration was to be settled through the issue of up to 21 crore fully paid shares under an NCLT scheme, with Indiabulls appointing a majority of the target's directors with immediate effect. Fintech Cloud, incorporated in 2021, operated as a loan service provider offering technology solutions to regulated NBFCs and reported revenue of ₹133.77 crore and PBT of ₹30.31 crore in FY26. Indiabulls' business mix had been shifting towards real estate and capital-efficient financial services, with FY26 operating revenue of about ₹833 crore and a reported zero-net-debt position.

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Indiabulls entered into an agreement with a private landlord to undertake development management of a residential project on about 10.84 acres along Dwarka Expressway in Gurugram. Phases 1 and 3 had received RERA registration, and the project was expected to launch by mid-October 2026 with 21 lakh sq ft of saleable area and estimated GDV of ₹3,700 crore. The project took Indiabulls’ aggregate project GDV to ₹27,308 crore, from a ₹21,366 crore pipeline spanning Gurugram, Mumbai and Ludhiana in March. Real estate accounted for 29% of revenue in the first quarter of FY27, when the segment generated ₹106 crore of revenue and ₹39.73 crore of profit before tax.

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Aug 25 (Reuters) - ** Shares of Indiabulls IDIB.NS rise 5% to 28.2 rupees

** Real estate firm signs deal to build a residential project in Gurugram with gross sales value 37 billion rupees ($386.59 million)

** Phase 1, 3 of project already received real estate authority registration; project expected to be launched by mid-October

** Stock up 59% YTD

($1 = 95.7075 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Indiabulls Ltd reported that a Delhi Police Economic Offences Wing status report found no evidence of loan diversion or financial loss in its examination of four borrower groups linked to allegations against former housing-finance promoter Sameer Gehlaut. The report recorded that 197 loans totalling ₹8,267.86 crore had been fully repaid, with gross collections of ₹11,073.77 crore. It found no direct financial trail connecting the DLF, Vatika, Chordia and Americorp loans to investments or professional fees involving Gehlaut-linked entities, while the Reliance ADAG inquiry remained ongoing. The Supreme Court proceedings followed a Delhi High Court dismissal of the underlying PIL in February 2024. Indiabulls, a post-merger holding company with financing, real estate, stock broking and asset reconstruction businesses, reported FY26 revenue of ₹880.78 crore and PAT of ₹346.1 crore.

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July 23 (Reuters) - Indiabulls Ltd IDIB.NS:

• INDIABULLS LTD JUNE-QUARTER CONSOL PAT 1.43 BILLION RUPEES

• INDIABULLS LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES

Source text: [ID:]

Further company coverage: IDIB.NS

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June 3 (Reuters) - Indiabulls Ltd IDIB.NS:

• INDIABULLS LTD - APPROVED RAISING OF FUNDS UPTO AN AGGREGATE OF 10 BILLION RUPEES

• INDIABULLS - WARRANTS TO BE ISSUED AT 19.40 RUPEES PER SHARE ON PREFERENTIAL PRIVATE PLACEMENT BASIS

Source text: [ID:]

Further company coverage: IDIB.NS

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April 29 (Reuters) - Indiabulls Ltd IDIB.NS:

• INDIABULLS MARCH-QUARTER CONSOL NET PAT 1.96 BILLION RUPEES

• INDIABULLS MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.09 BILLION RUPEES

Further company coverage: IDIB.NS

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March 20 (Reuters) - Indiabulls Ltd IDIB.NS:

• INDIABULLS LTD - ENTERS JOINT VENTURE FOR COMMERCIAL PROJECT

• INDIABULLS LTD - GROSS DEVELOPMENT VALUE OF JV ESTIMATED AT 6 BILLION RUPEES

Source text: ID:nNSE61dCGB

Further company coverage: IDIB.NS

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