Choice International Subsidiary Secures ₹9000 Million Investment from NHIS

Choice International Ltd announced a strategic partnership with South Korea's NH Investment & Securities Co. Ltd (NHIS). NHIS will invest ₹9000 Million in Choice Equity Broking Private Limited (CEBPL), Choice International's broking and wealth management arm, through Compulsorily Convertible Preference Shares (CCPS). This capital infusion is intended to fuel CEBPL's expansion plans, including growth in its MTF book, technology, talent, product innovation, and scalability. The partnership aims to leverage NHIS's global expertise and technology with Choice's Indian market presence, targeting a 5x growth in CEBPL's broking and distribution businesses over three years.