Choice Equity Broking Secures ₹899.9 Cr Investment from NH Investment

Choice International Limited's material subsidiary, Choice Equity Broking Private Limited (CEBPL), has entered into definitive agreements with NH Investment & Securities Co. Ltd. for a strategic investment. NH Investment will subscribe to 42,25,350 Compulsorily Convertible Preference Shares (CCPS) at ₹2,130 per CCPS, totaling ₹8,999,999,550. This investment, subject to statutory approvals, will strengthen CEBPL's financial position and support its growth plans. The CCPS are convertible into equity shares of CEBPL and will rank pari passu with existing equity shares, without altering control. CEBPL contributed 25% to Choice International's net worth and 51% to its turnover in FY26.