Announced Tue, 27 Oct, 2026 · 17:06 IST
CEBPL allots about Rs 900 crore CCPS to NH Investment
CHOICEIN · price
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Price reaction
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AI summary
Choice International's material subsidiary CEBPL allotted 4,225,350 CCPS to NH Investment and Securities Co., Ltd. at Rs 2,130 each, raising Rs 8,99,99,95,500, or about Rs 900 crore. The shares are convertible into CEBPL equity under definitive agreements and will rank equally with existing equity shares. The Korean investor is a core NH Financial Group subsidiary. Conversion will not change CEBPL's control.
Likely market impact
The funding strengthens CEBPL's growth capital and adds a strategic investor. Future conversion may dilute existing equity owners, but control will not change.