Announced Tue, 27 Oct, 2026 · 17:12 IST
Rs 900 crore NHIS investment completed in Choice Equity Broking
CHOICEIN · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Choice International's broking subsidiary CEBPL allotted 42,25,350 fully paid convertible preference shares at Rs 2,130 each to NH Investment and Securities, part of South Korea's NH Financial Group. It received Rs 8,99,99,95,500, about Rs 900 crore. Funds will expand margin trading, technology, customer acquisition, talent and products.
Likely market impact
Stronger capital and faster CEBPL expansion may benefit Choice International, but conversion of the preferred shares may dilute existing shareholders.