Choice International Limited, Subsidiary Secures Role as Sponsor and Investment Manager for Wealthwave Capital Trust
Choice International Limited and its subsidiary, Choice AMC Private Limited, have secured key mandates related to the Wealthwave Capital Trust, a SEBI registered Category II Alternate Investment Fund (AIF). The approvals concern both sponsoring the fund and managing its investments.The company and its wholly owned subsidiary, Choice AMC Private Limited (CAPL), received the necessary approval from the Securities and Exchange Board of India (SEBI) related to two primary functions concerning the Wealthwave Capital Trust. First, Choice International Limited has been approved to act as the sponsor for the AIF. Second, CAPL has been authorized to serve as the Investment Manager for the fund, which holds Registration No. IN/AIF2/24-25/1736.
Upon fulfilling all stipulated conditions detailed in the No Objection Certificate (NOC), Choice AMC Private Limited will commence its operations as the Investment Manager of the Wealthwave Capital Trust. This investment mandate is governed by applicable provisions including the SEBI Alternative Investment Funds Regulations 2012 and the SEBI Mutual Funds Regulations, 2026.
This development marks a significant milestone for Choice International Limited (CIL). The approval expands CIL's financial offerings and strengthens its capabilities within the alternative investment space, demonstrating a continued commitment to delivering innovative financial solutions and building a comprehensive financial services ecosystem.
CHOICEIN Stock Price Movement
Choice International Limited shares gained on Friday, settling at ₹835 after edging higher by 0.31% over its previous close. The stock traded within a range of ₹819.45 and ₹846 throughout the day.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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