Choice International Limited has announced the acquisition of 10,000 equity shares, representing 100% of the paid-up equity share capital of its step-down subsidiary, Choice Proptech Solutions Private Limited. The acquisition was completed from Choice Consultancy Services Private Limited, a subsidiary of Choice International. This move aims to simplify the group’s corporate structure and enhance operational efficiency, making Choice Proptech a wholly-owned subsidiary.
Choice International Acquires Wholly-Owned Subsidiary
Choice International Limited has finalized an arrangement to acquire 10,000 equity shares of Choice Proptech Solutions Private Limited, its step-down subsidiary. The transaction, valued at ₹6,22,20,000, represents 100% of the paid-up equity share capital. This acquisition was made from Choice Consultancy Services Private Limited, a subsidiary of Choice International, at an issue price of ₹6,222 per equity share.
Strategic Rationale and Impact
The acquisition is part of an internal group restructuring designed to simplify the Group’s corporate structure and improve operational efficiency. Choice Proptech Solutions Private Limited is engaged in the business of developing and operating a technology-driven real estate distribution, marketing, and advisory platform. The transaction is considered an arm’s length transaction, with the consideration determined by an independent Registered Valuer. The company stated that there is no material impact on the business or operations of the listed entity, Choice International Limited, as a result of this acquisition.
Acquisition Details
The acquisition of Choice Proptech Solutions Private Limited was completed at a consideration of ₹6,222 per equity share, aggregating to a total of ₹6,22,20,000. Following this transaction, Choice Proptech Solutions Private Limited has become a Wholly Owned Subsidiary of Choice International Limited. The indicative time period for the completion of this acquisition was by August 31, 2026. The target entity, Choice Proptech Solutions Private Limited, reported a turnover of ₹245.57 lakhs for the financial year ended March 31, 2026, with a net worth of ₹137.43 lakhs.
Entity Background
Choice Proptech Solutions Private Limited, incorporated on March 09, 2011, operates in the technology-driven real estate sector in India. Its services include facilitating the sale, purchase, leasing, licensing, and transfer of real estate properties.
Source: BSE
