Acquisition of further stake in our subsidiary "Choice Insurance" subject to the requisite approval from "IRDA".

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CHOICEIN · price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹692.60

prior close

₹701.65

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.9%+1.3% vs market

Holding Company peers, median of 13sector-3.0%+2.4% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Smallcap 250 and 2.4 pts more than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-0.6-1.9+1.3-3.0+2.4

Next day

+1.5-1.3+2.8-2.0+3.5

+1.5-0.6+2.0-2.1+3.5

+2.1+0.2+1.9-0.8+2.9

+2.2+1.8+0.3+1.8+0.4

+3.1+2.1+1.0+2.0+1.1

+1.0+3.8-2.9+3.8-2.9

15d

+1.2+3.7-2.5+1.9-0.7

+9.7+4.4+5.4+3.1+6.6

+18.1-0.8+18.9-1.9+20.0

+17.0+2.1+14.8+4.6+12.3

UpDownMarket · Nifty Smallcap 250Sector · Holding Company peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Choice International Limited is acquiring the remaining 50% stake in its subsidiary Choice Insurance Broking India Private Limited, making it a wholly owned subsidiary. The deal involves buying 6,60,000 equity shares at Rs. 947 per share (including a Rs. 937 premium), for a total consideration of about Rs. 62.5 crore. The transaction is subject to IRDA approval, with a 12-month timeline for completion, and has been executed on an arm's length basis. Choice Insurance reported strong revenue growth, with turnover rising from Rs. 6.08 crore in FY23 to Rs. 88.59 crore in FY25, and a net worth of Rs. 19.66 crore as of March 2025.

Likely market impact

This move allows Choice International to fully consolidate the profits and control of its fast-growing insurance broking subsidiary, which should be earnings-accretive once completed. For shareholders, it signals management's confidence in the insurance broking business, though the deal is pending regulatory clearance from IRDA.