Choice International Limited has announced the acquisition of 100% equity stakes in two private limited companies: Truestock Universe Private Limited and Quanthm Bit Works Private Limited. Each acquisition was made for a nominal consideration of ₹10,000. These strategic moves are part of the company’s broader strategy to enhance its footprint in the digital and technology space, aiming to strengthen its capabilities in areas like software development and IT consulting. Concurrently, the company’s material subsidiary, Choice Consultancy Services Private Limited, has divested its entire stake in SKP Green Ventures Private Limited.
Strategic Acquisitions Bolster Digital Presence
Choice International Limited has completed two significant acquisitions, acquiring 100% equity stakes in Truestock Universe Private Limited (Truestock) and Quanthm Bit Works Private Limited (Quanthm). The transactions, each for a nominal consideration of ₹10,000, are designed to bolster the company’s presence and capabilities within the digital and technology sectors.
Deal Rationale and Impact
These acquisitions are a core component of Choice International’s strategic vision to expand its footprint in the digital and technology space. The company anticipates that these moves will strengthen its technology capabilities and support its ongoing digital initiatives. Following these transactions, both Truestock and Quanthm will operate as wholly-owned subsidiaries of Choice International.
Divestment of SKP Green Ventures
In a related development, Choice Consultancy Services Private Limited (CCSPL), a material subsidiary of Choice International, has sold its entire stake in SKP Green Ventures Private Limited (SKP Green). This divestment means SKP Green is no longer a subsidiary of CCSPL, and consequently, a step-down subsidiary of Choice International.
Financial and Operational Details of Acquisitions
For Truestock Universe Private Limited, the acquisition involved 10,000 equity shares for a total consideration of ₹10,000. As of March 31, 2026, Truestock reported a turnover of ₹103.55 lakhs and a net worth of (₹127.34) lakhs. The company operates in the Information Technology (IT) sector, focusing on software development and IT-enabled services.
Similarly, Quanthm Bit Works Private Limited was acquired for ₹10,000, involving 10,000 equity shares. As of March 31, 2026, Quanthm reported a nil turnover and a net worth of (₹10.46) lakhs. This company also operates within the IT sector, with expertise in software and web development, cloud computing, and IT consulting services.
Details of SKP Green Ventures Divestment
SKP Green Ventures Private Limited reported a turnover of ₹410.67 lakhs for the year ended March 31, 2026, representing 0.37% of Choice International’s consolidated turnover. Its net worth stood at ₹101.88 lakhs, which was 0.056% of the consolidated turnover. The stake was sold to Arrowbridge Trade Private Limited for a total consideration of ₹1,27,50,000 (One Crore Twenty Seven Lakhs Fifty Thousand Only). This transaction is confirmed as not being a related party transaction.
Source: BSE
