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16-Jan2018

Choice International's arm gets COR to carry on NBFC Business

Choice International's wholly owned subsidiary -- Choice Finserv has received the Certificate of Registration (COR) to carry on the business as a Non-Deposit taking -Non -Banking Financial Company (NBFC) from the Reserve Bank of India with effect from January 12, 2018. On grant of NBFC Registration to the company's wholly owned subsidiary, Choice International the Holding Company, subject to the Shareholder's approval, propose to transfer the NBFC Business & thus surrenders its NBFC License, within six months from date to Choice Finserv. The company has availed the NBFC License, in its subsidiary to enhance & expand its NBFC Business.

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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