Choice International to Acquire Stake in Insurance Arm in ₹625 Million Deal

Choice International Ltd has announced a strategic move to consolidate its presence in the insurance sector by acquiring a significant stake in its subsidiary, Choice Insurance Broking India Pvt Ltd, through a deal valued at ₹625 million. The transaction involves the purchase of 660,000 equity shares, signaling the parent company’s confidence in the subsidiary’s growth trajectory.

 

Key Highlights:

This acquisition underscores Choice International’s commitment to building a comprehensive financial services ecosystem, with insurance broking emerging as a key pillar of its diversified portfolio.

 

Sources: Economic Times, Trendlyne, Choice India Blog