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

SpiceJet to start 12 new domestic flights from March 31

SpiceJet will start 12 new direct flights on its domestic network from March 31, 2019. The airline is the first Indian carrier to introduce daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur......

Aditya Birla Fashion to start apparel manufacturing plant in Odisha: Report

Aditya Birla Fashion and Retail is reportedly to start a new apparel manufacturing plant in Rayagda district of Odisha with an investment of Rs 114 crore. This unit will have a capacity to produce 3.6......

Power Grid gets investment approval for 'Northern Region System Strengthening - XL'

Power Grid Corporation of India has received an investment approval for 'Northern Region System Strengthening - XL' at an estimated cost of Rs 572.98 crore with commissioning schedule of 22 months from......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......