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19-May2018

Choice International's arm acquires broking business of Inditrade Capital

Choice International's wholly owned subsidiary engaged primarily in the business of equity broking - Choice Equity Broking has entered in to the agreement with Inditrade Capital for acquisition of their broking business, subject to necessary statutory clearances. The transaction of acquisition of broking business has been executed by entering in to a Business Transfer Agreement (BTA) with Inditrade Capital for a consideration of Rs 32 crore.

The acquisition of broking business of Inditrade Capital brings over its 12 lakh client base into Choice Equity Broking & additionally brings in its robust network of 27 branches and 440 Franchises & Business Associates along with 313 employees.

Choice International offers services in area of project financing, assisting in raising funds by equity or debt routes, debt structuring, private equity, acquisitions, long term strategic planning, turnaround and structuring and joint ventures, divestitures and takeovers.



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