CEBPL Issues CCPS to NH Investment Co for Strategic Capital Infusion Worth ₹899 Crores
A material subsidiary of Choice International Limited, Choice Equity Broking Private Limited (CEBPL), has entered into a strategic investment deal involving the issuance of Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd. The infusion of capital is intended to strengthen CEBPL's financial position and support its ongoing growth plans in the broking and distribution business.The agreement was signed on July 09, 2026, between Choice International Limited, CEBPL, and the Investor, NH Investment & Securities Co., Ltd. The deal involves offering and allotting 42,25,350 CCPS to the Investor at a subscription price of ₹2,130 per share.
The total investment amount is structured as follows:
| Detail | Value |
|---|---|
| CCPS Offered | 42,25,350 |
| Subscription Price per CCPS | ₹2,130/- |
| Total Investment Amount | ₹8,99,99,95,500/- |
| Face Value per CCPS | ₹10/- |
| Securities Premium per CCPS | ₹2,120/- |
The issued CCPS are subject to conversion into equity shares of CEBPL as per the terms of the Share Subscription Agreement. The issuance and subsequent conversion are not expected to lead to any change in control of CEBPL. Furthermore, the equity shares allotted upon conversion will rank pari passu with existing equity shares of CEBPL.
Financial Contribution of CEBPL
The agreement details provided indicate that Choice Equity Broking Private Limited (CEBPL) contributed significantly to the financial health of its parent company, Choice International Limited (CIL), during the fiscal year ended March 31, 2026. The contributions are detailed below:| Entity | Net Worth (INR) | Turnover (INR) |
|---|---|---|
| CIL | 1782,05,12,658 | 1119,13,09,942 |
| CEBPL | 449,39,38,360 | 573,25,65,482 |
CEBPL contributed approximately 25% of the net worth and 51% of the turnover to CIL in that period.
Investor Profile and Business Focus
The transaction involves NH Investment & Securities Co., Ltd., which is headquartered in Seoul, South Korea. The Investor operates as a core subsidiary of NH Financial Group, with roots dating back to 1969. NH Investment serves retail, corporate, and institutional clients through its integrated platform, backed by over 3,000 professionals.Choice International Limited provides extensive services across securities brokerage, wealth management, investment banking, and capital markets solutions. The company operates a network of over 57 domestic branches and offices, complemented by eight overseas operations located in key global financial centers.
The infused capital is set to bolster CEBPL’s financial standing and capital base, equipping the company with the necessary resources to pursue strategic opportunities, meet evolving business requirements, and support its expansion plans within the broking and distribution sector. The transaction does not impact the management or control of Choice International Limited or CEBPL.
CHOICEIN Stock Price Movement
Today, shares of Choice International Limited climbed by 7.33%, settling at an indicative close of ₹830.95 in post-market trading. The stock saw brisk activity today, with a total traded volume reaching 8.22 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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