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 Ltd has acquired 100% equity stake in Ellora Solutions Private Limited for a total cash consideration of INR 11.6 Lakhs (Rs. 1.16 million), buying 10,000 shares at Rs. 116 per share. Ellora, a Delhi-based company incorporated under the Companies Act 2013, will become 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 over three years — from Rs. 212.19 Lakhs (FY24) to Rs. 90.26 Lakhs (FY25) and further to Rs. 28.31 Lakhs (FY26 provisional). The acquisition is intended to support expansion of the company's consultancy services. No regulatory approvals are stated as required.
A small, tuck-in acquisition with no immediate material impact on Choice International's financials given the deal size of just over Rs. 1 crore against Ellora's declining revenues. It may provide strategic synergies in the consultancy space if Ellora brings specific capabilities or client relationships.