Acquisition of 100% stake in "Ellora Solutions Private Limited" by the Company.
CHOICEIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Choice International Limited has acquired 100% equity stake in Ellora Solutions Private Limited for INR 11.60 Lakhs (Rs 11.6 Lakhs). The deal involved purchase of 10,000 shares at Rs 116 per share, making Ellora a wholly owned subsidiary. Ellora operates in Consultancy Services, aligned with Choice International's existing real estate and infrastructure consultancy business. Ellora's turnover has declined significantly over three years: from Rs 212.19 Lakhs (FY23-24) to Rs 90.26 Lakhs (FY24-25) to Rs 28.31 Lakhs (FY25-26 provisional). The target company is incorporated under the Companies Act 2013 with registered office in Delhi.
This is a small strategic acquisition (approx Rs 1.16 million) that aligns with Choice International's existing consultancy services. The significant decline in Ellora's turnover over three years raises questions about the target's financial health. The deal is unlikely to have a material impact on the listed company's financials given the small consideration.