Choice Equity Broking Secures ₹899.99 Cr Investment from NH Investment
Choice International Limited's material subsidiary, Choice Equity Broking Private Limited (CEBPL), has entered into definitive agreements with South Korea's 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 ₹8,999.99 crore. This investment, subject to regulatory approvals, will strengthen CEBPL's financial position and support its growth plans. The CCPS are convertible into equity shares and will rank pari passu with existing equity shares, without altering CEBPL's control. NH Investment is a core subsidiary of NH Financial Group with a broad range of financial services.
Key Highlights
- CEBPL to issue CCPS worth ₹8,999.99 crore to NH Investment & Securities.
- Investment aims to strengthen CEBPL's financial position and fuel growth.
- NH Investment is a reputable South Korean financial services group.
- Transaction is subject to requisite statutory approvals.
- CEBPL contributed 25% to CIL's net worth and 51% to turnover in FY26.
Price Impact
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