Choice International Ltd

Choice International Acquires Full Ownership of Insurance Subsidiary 📈

• Acquired remaining 50% equity stake for ₹62.50 crores

• Purchased 6,60,000 shares at ₹947 per share

• Subsidiary now wholly-owned by Choice International Limited

• Transaction approved by IRDAI and executed at arm's length

• Choice Insurance operates in financial services - insurance sector

• Subsidiary net worth: ₹19.66 crores

• Acquisition strengthens presence in insurance broking segment