Choice International Acquires Optimo for ₹1,000

Choice International Limited acquires 100% equity stake in Optimo Investment Adviser Private Limited for a total consideration of ₹1,000.
Optimo, a shell entity with nil turnover and negative net worth of ₹(98,022), will become a wholly owned subsidiary of Choice International.
The transaction is a related party deal; shares acquired from Mr. Ajay Kejriwal and Mrs. Babita Kejriwal, who are related parties of the Company.
Optimo has applied to MCA for a name change to 'Choice Unified Services Private Limited' to align with its proposed support services business.