Choice International has received final approval from SEBI to set up its Mutual Fund business, following an initial in-principle approval. The company clarified that a previous news item incorrectly stated the approval date. The in-principle approval was granted on December 26, 2024, while the final approval was received on August 01, 2025. The company had duly intimated this to the Stock Exchanges.
Clarification on SEBI Approval
Choice International clarifies a news item regarding SEBI’s approval to set up its Mutual Fund (MF) business. The company aims to address inaccuracies and provide the correct timeline of events.
Timeline of Approvals
The company received In-Principle Approval from the Securities and Exchange Board of India (SEBI) on December 26, 2024, for sponsoring and setting up a Mutual Fund. This was duly communicated to the Stock Exchanges on the same date.
Subsequently, Choice International received the Final Approval from SEBI on August 01, 2025. This information was also promptly shared with the Stock Exchanges.
Reference Links
The original announcement regarding the In-Principle Approval can be found at:
BSE: https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b148174-10bb-43fc-alfl-8fe45a27e376.pdf NSE: https://nsearchives.nseindia.com/corporate/CHOICE 26122024173024 Upload.pdf
Details about the Final Approval are available at:
BSE: https://www.bseindia.com/xml-data/corpfiling/AttachHis/1658d245-7058-44b6-901a-eba97186b00f.pdf NSE: https://nsearchives.nseindia.com/corporate/CHOICE 01082025161800 upload f.pdf
Source: BSE
