Choice International Limited (the Company) has announced a significant strategic investment through its material subsidiary, Choice Equity Broking Private Limited (CEBPL). CEBPL will issue Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd. ('Investor'), a South Korean financial institution and a subsidiary of NH Financial Group. The Definitive Transaction Agreements, including a Shareholders' Agreement (SHA) and a Share Subscription Agreement (SSA), were executed on July 09, 2026. Under these agreements, the Investor will subscribe to 42,25,350 CCPS at a price of ₹2,130 per CCPS, aggregating to a total investment of ₹8,99,99,95,500 (approximately ₹900 crore). The issuance of CCPS is subject to requisite statutory approvals. These CCPS are convertible into equity shares of CEBPL as per the terms of the SSA, but the transaction will not result in any change of control for CEBPL. The equity shares allotted upon conversion will rank pari passu with existing equity shares. The investment aims to strengthen CEBPL's financial position and capital base to support its growth and expansion plans. For the financial year ended March 31, 2026, CEBPL contributed 25% to the Company's net worth and 51% to its turnover. The transaction is expected to be completed within 12 months from the execution date, subject to statutory approvals and other conditions precedent. NH Investment & Securities Co., Ltd. is a leading financial institution in South Korea, offering a wide range of services including securities brokerage, wealth management, and investment banking.
