New Delhi, Sept. 14 -- Indiabulls share price will remain in focus on Tuesday, 15 September, after the company announced it has entered into a definitive agreement with Fintech Cloud to acquire a 70% stake in the company.

Indiabulls shares closed 5% higher on Friday, ending the session at Rs.25.89 apiece on BSE.

In an exchange filing on Friday, September 11, Indiabulls said that it has signed a definitive agreement to acquire a 70% stake in Fintech Cloud Private Ltd for Rs.1,050 crore, implying a valuation of Rs.1,500 crore for the company.

The acquisition will be undertaken through a scheme approved by the National Company Law Tribunal (NCLT), under which Indiabulls will also assume control of Fintech Cloud's board.

Fintech Cloud is ...