Transaction Summary
Choice International Limited has entered into an arrangement to acquire 100% equity stake in Ellora Solutions Private Limited for a total consideration of ₹11,60,000 (Rupees Eleven Lakhs and Sixty Thousand Only). The company acquired 10,000 equity shares at ₹116 per share.
Post-Acquisition Structure
Upon completion of the transaction, Ellora Solutions Private Limited will become a wholly-owned subsidiary of Choice International Limited.
Financial Details of Target Company
Provisional Financials as of March 31, 2026:
- Turnover: ₹28,31,200 (₹28.31 lakhs)
- Net Worth: ₹15,33,320 (₹15.33 lakhs)
Historical Turnover:
- FY 2025-26: ₹28.31 lakhs (provisional)
- FY 2024-25: ₹90.26 lakhs
- FY 2023-24: ₹212.19 lakhs
Acquisition Rationale
The acquisition is in line with Choice International's existing business and is intended to support the expansion of its real estate and infrastructure consultancy services. This includes acquisition/purchase of properties and related ancillary activities considered commercially expedient for the company.