Transaction Details
CEBPL received full subscription consideration of ₹8,99,99,95,500 (approximately ₹900 crore) on October 27, 2026, and allotted 42,25,350 fully paid-up Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd. at an issue price of ₹2,130 per share. The transaction was executed pursuant to the Subscription Agreement dated July 9, 2026.
Strategic Partnership Rationale
The investment establishes a strategic partnership between Choice International and NH Investment & Securities, combining Choice's understanding of the Indian market and domestic distribution network with NHIS's international institutional expertise. The collaboration will span institutional broking, research, capital markets, risk management, governance, and operational practices.
Use of Proceeds
The funds will be deployed towards strengthening CEBPL's growth capabilities, including:
- Expansion of Margin Trading Facility (MTF) business
- Technology infrastructure upgrades
- Customer acquisition initiatives
- Talent development programs
- Product innovation
Management Commentary
Mr. Arun Poddar, CEO & Executive Director of Choice International Limited, stated that the investment supports the company's mission of making financial services more accessible and empowering more Indians to participate in the country's growth. He emphasized alignment with Prime Minister Narendra Modi's vision of Viksit Bharat 2047, focusing on financial inclusion, awareness, and building a sustainable business that creates lasting value for customers, shareholders, and the nation.
Company Background
Choice International Limited is a diversified financial services and consulting group headquartered in Mumbai, serving over 1.6 million clients through a network of 70,000+ business associates across broking, wealth management, lending, insurance, investment banking, asset management, and government infrastructure consultancy.
Choice Equity Broking Private Limited (CEBPL) is a subsidiary serving over 1.6 million customers through branches and authorized persons, offering technology-led investment solutions across equity, derivatives, currency, commodity markets, and depository services.
NH Investment & Securities Co., Ltd. is a leading South Korean securities and investment banking firm, subsidiary of NH Financial Group, founded in 1969. The company operates through over 65 branches with more than 3,000 professionals and reported FY2025 revenue of approximately KRW 15.36 trillion (₹1,10,138 crores based on exchange rate of 1 KRW = ₹0.07169 as of October 23, 2026).