Choice International Limited Acquires Stake in Ellora Solutions, Plans Expansion of Consultancy Services
Choice International Limited has finalized an arrangement to acquire a 100% equity stake in Ellora Solutions Private Limited. The acquisition was completed for a total consideration of INR 11,60,000/-. Following this transaction, Ellora Solutions Private Limited will become a wholly owned subsidiary of Choice International Limited.The proposed acquisition is designed to align with the Company's existing business objectives. It is intended to support the expansion of Choice International Limited's real estate and infrastructure consultancy services, including related incidental or ancillary activities deemed commercially expedient and beneficial for the firm.
Transaction and Operational Details
The details of the acquisition of Ellora Solutions Private Limited, a firm specializing in Consultancy Services, were provided. Choice International Limited acquired 10,000 equity shares from its existing shareholders at a price of INR 116 per share, totaling the consideration amount of INR 11,60,000/-.The details concerning the transaction and the acquired entity are summarized below:
| Detail | Particulars | Value |
|---|---|---|
| Target Entity | Ellora Solutions Private Limited | |
| Industry | Consultancy Services | |
| Acquisition Stake | 10,000 equity shares | |
| Consideration | INR 11,60,000/- | |
| Post-Acquisition Stake | 100% | Wholly owned subsidiary status |
Background of Ellora Solutions Private Limited
Ellora Solutions Private Limited is a company incorporated under the Companies Act 2013 and maintains its registered office in Delhi. The firm's operational history reveals the following provisional turnover figures:| Year | Turnover (Amount Lakhs) |
|---|---|
| 2023-24 | 212.19 |
| 2024-25 | 90.26 |
| 2025-26 (Provisional) | 28.31 |
This acquisition further solidifies Choice International Limited’s position within the consultancy sector by integrating Ellora Solutions Private Limited's operations.
CHOICEIN Stock Price Movement
On Monday, Choice International Limited shares rallied by 1.81% to close at ₹689.30. The stock traded within a daily range of ₹679.5 to ₹693.4, finishing the session on a total volume of 655,675 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.