Intimation of acquisition of stake in Choice AMC Private Limited

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CHOICEIN · price

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

-5.7%Reaction day

₹512.00

prior close

₹485.00

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-4.0%-1.7% vs market

Holding Company peers, median of 12sector-5.5%-0.2% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 0.2 pts less 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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Sessions after the filingfrom the prior close

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Reaction day

-5.7-4.0-1.7-5.5-0.2

Next day

-2.1-1.9-0.1-1.3-0.7

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+5.1+4.1+1.0+4.2+0.9

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15d

+19.9+3.9+16.0+1.8+18.1

+21.5+3.9+17.5+1.5+20.0

+39.5+18.5+21.0+19.1+20.4

+38.5+19.9+18.5+14.2+24.3

UpDownMarket · Nifty Smallcap 250Sector · Holding Company peers, median of 12Pending

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AI summary

Choice International Limited has acquired the entire 100% stake in Choice AMC Private Limited, making it a wholly owned subsidiary. The company acquired 61.10 lakh equity shares at Rs. 10 each (Rs. 6.11 crore) from its existing wholly owned subsidiary Choice Equity Broking, and additionally infused capital by subscribing to 5 crore fresh shares at Rs. 10 each (Rs. 50 crore), taking total consideration to about Rs. 56.11 crore. The acquisition is part of setting up a mutual fund, for which SEBI had given in-principle approval in December 2024, and Choice AMC (formerly Choice Portfolio Management Services) will act as the asset management company. Choice AMC had a turnover of Rs. 60.15 lakhs in FY24 and net worth of Rs. 535.09 lakhs as of March 31, 2024.

Likely market impact

This is a strategic step that moves Choice International closer to launching its own mutual fund, a potential new revenue stream. The Rs. 50 crore capital infusion strengthens the AMC's net worth to meet SEBI's mutual fund requirements. Shareholders should view this positively as it expands the company's financial services footprint, though the AMC is currently small in terms of revenue.