Choice International Limited has successfully completed the acquisition of 10,000 equity shares, representing 100% of the paid-up equity share capital of Choice Proptech Solutions Private Limited (CPSPL). This strategic move transforms CPSPL from a step-down subsidiary to a wholly owned subsidiary, streamlining the group’s corporate structure and aiming for enhanced operational efficiency. The acquisition was completed at a price of ₹6,222 per equity share.
Acquisition Completed
Choice International Limited announced today the completion of its acquisition of 10,000 equity shares of Choice Proptech Solutions Private Limited (CPSPL). These shares represent 100% of the subscribed and paid-up equity share capital of CPSPL. The acquisition was executed at a consideration of ₹6,222 per equity share, aggregating to a total of ₹6,22,20,000.
Strategic Restructuring
As a result of this transaction, CPSPL has now become a wholly owned subsidiary of Choice International Limited, transitioning from its previous status as a step-down subsidiary. This internal group restructuring is aimed at simplifying the overall corporate structure and improving the group’s operational efficiency. The company has confirmed that this acquisition will not have a material impact on its business or operations, nor will it result in any changes to its business activities.
Deal Details
The acquisition was undertaken on an arm’s length basis, with the consideration determined by an independent registered valuer. The transaction received prior approval from the Audit Committee and the Board of Directors. It has been confirmed that this is not a material related party transaction under SEBI regulations and therefore did not require shareholder approval. CPSPL is engaged in the business of developing and operating a technology-driven real estate distribution, marketing, and advisory platform.
Target Entity Information
Choice Proptech Solutions Private Limited, incorporated on March 09, 2011, reported a turnover of ₹245.57 lakhs for the financial year 2025-26. Its turnover for the preceding two years was ₹213.64 lakhs (2024-25) and ₹223.35 lakhs (2023-24). The company’s net worth as of March 31, 2026, was ₹137.43 lakhs.
Source: BSE
