Choice International Limited has successfully completed the acquisition of a 51% equity stake in Fintoo Wealth Private Limited following requisite approvals. The total consideration for the purchase amounted to INR 9,99,96,397/-, with an acquisition price of Rs. 192.15 per share. This strategic move aims to bolster Choice International’s presence in the technology-driven investment advisory and wealth management segment, leveraging Fintoo’s AI-based digital platform.
Acquisition of Fintoo Wealth Finalized
Choice International Limited formally announced the successful acquisition of a 51% equity stake in Fintoo Wealth Private Limited. This action follows an earlier intimation dated October 17, 2025, and secures the required approvals necessary to proceed with the transaction.
Transaction Details and Consideration
The acquisition involved purchasing equity shares at a price of Rs. 192.15 per share. The total consideration paid by Choice International for the 51% stake was INR 9,99,96,397/- (Rupees Nine Crores Ninety-Nine Lakhs Ninety-Six Thousand Three Hundred and Ninety-Seven only). The acquisition cost, calculated based on the shares acquired (5,20,408 No. of Shares), confirms the purchase price per share.
Target Entity Profile
Fintoo Wealth Private Limited operates a digital advisory platform offering comprehensive, goal-based financial advisory services, including retirement planning, investment planning, and debt management. The target entity belongs to the Financial Services industry. As of March 31, 2025, Fintoo reported a turnover of INR 25.00 lakhs and a net worth of INR 27.62 lakhs.
Strategic Rationale
The core objective of this acquisition is to strengthen the Company’s presence in the technology-driven investment advisory and wealth management segment. Fintoo Wealth’s AI-based digital advisory platform complements Choice International’s existing financial services business. This integration is expected to enhance digital capabilities, expand customer reach, and generate significant cross-selling synergies, aligning perfectly with the acquirer’s core operations.
Financial Performance of Fintoo (Past Three Years)
The background information provided for Fintoo Wealth Private Limited regarding its turnover is summarized below:
- 1st Preceding Year (2024-25): Turnover of 0.25 Cr.
- 2nd Previous Year (2023-24): Turnover was not disclosed (indicated by a dash).
- 3rd Previous Year (2022-23): Turnover was not disclosed (indicated by a dash).
Source: BSE
