Breaking News

You are here » Indian-Commodity  :  Investment  :  Choice International's arm acquires broking business of Inditrade Capital

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.



Related News

View all news

Dilip Buildcon emerges as lowest bidder for Metro Rail project in MP

Dilip Buildcon has been declared lowest (L-1) bidder by the Urban Administration and Development Department for a Metro Rail project in the state of Madhya Pradesh (MP) for design and construction of Elevated......

Fortune International acquires 36% stake in Fortune Stones

Fortune International has acquired 36.01% of equity shares of Fortune Stones pursuant to the acquisition of shares from existing shareholder done at arm length basis. The said transaction was made with......

Puravankara acquires stake in Devas Global Services LLP

Puravankara has acquired stake in Devas Global Services LLP. The entity has not conducted any business operation in the preceding 3 years. The percentage of shareholding is 99.99% along with provident......

Top News

View all news

CG Power's JV inaugurates HV, EHV factory in Indonesia

CG Power and Industrial Solutions' (CG) joint venture (JV) PT CPSI has inaugurated Indonesia's first High Voltage (HV) and Extra High Voltage (EHV) factory at the Modern Cikande Industrial Estate, Banten......

MCX inks MoU with Indian Cotton Federation: Report

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration......

RIL's telecom arm tops Fortune's 'Change the World' list

Reliance Industries' (RIL) telecom arm -- Reliance Jio -- has ranked as the top company globally on Fortune's 'Change the World' list that ranked companies using the profit motive to tackle social problems......