Reciept of Letter of Intent from the Resolution Professional of Feedback Infra Private Limited in favour of our Material Subsidiary M/s. Choice Consultancy Services Private Limited.
CHOICEIN · price
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Awaiting price reaction for this filing.
Choice International's material subsidiary, Choice Consultancy Services Private Limited, has received a Letter of Intent (LOI) from the Resolution Professional of Feedback Infra Private Limited. This indicates that Choice Consultancy has emerged as the preferred or selected resolution applicant under the insolvency resolution process of Feedback Infra, which is undergoing Corporate Insolvency Resolution Process (CIRP). An LOI is typically issued after the Committee of Creditors approves a resolution plan and before final NCLT approval. The deal, if completed, could bring a significant work order or acquisition opportunity for Choice Consultancy.
Positive development for Choice International shareholders, as the subsidiary winning this assignment under insolvency resolution could translate into a sizeable contract, revenue boost, or strategic acquisition, strengthening the subsidiary's order book and future earnings.