Acquisitions10 Mar 2026, 07:52 pm
Choice International Acquires Remaining Stake in Choice Insurance for INR 62.5 Crore
AI Summary
Choice International Ltd. has acquired the remaining 50% equity stake in its subsidiary, Choice Insurance Broking India Private Limited, for a total consideration of INR 62.5 Crore. The acquisition involves the purchase of 6,60,000 equity shares. The acquisition has been executed following the necessary approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Key Highlights
- Acquisition of remaining 50% equity stake in Choice Insurance Broking India Private Limited
- Total consideration of INR 62.5 Crore for 6,60,000 equity shares
- Execution following approval from IRDAI
- Choice Insurance Broking India Private Limited now a Wholly Owned Subsidiary of Choice International Limited