Choice Equity Broking Expands Wealth Business with X5,151 Crore Acquisition of Arete Capital

Choice Equity Broking Private Limited, a subsidiary of Choice International Limited, has announced the acquisition of Arete Capital Services Private Limited, a wealth management firm with an Assets Under Management (AUM) of 5,151 crores. This strategic acquisition strengthens Choice Broking’s position in the wealth management and investment advisory space, enhancing its ability to serve High Net Worth Individuals (HNIs) and institutional clients with a more comprehensive suite of financial solutions. The acquisition increases Choice Broking’s wealth management AUM from 1,090 crores to 6,241 crores, representing a 5.73x increase.