Choice International Limited (Choice) has announced a strategic partnership with South Korea's NH Investment & Securities Co., Ltd. (NHIS). This collaboration involves NHIS investing ₹900 crore (9000 million) in Choice's material subsidiary, Choice Equity Broking Private Limited (CEBPL), through Compulsorily Convertible Preference Shares (CCPS). The investment aims to strengthen CEBPL's financial resources, enabling expansion plans, strategic initiatives, and meeting evolving business requirements. Beyond capital, the partnership leverages NHIS's global institutional expertise, technology-led operating model, and experience in sophisticated capital markets. This collaboration is expected to facilitate knowledge sharing in areas such as institutional broking, research, risk management, and operational excellence. CEBPL aims for a five-fold growth in its broking and distribution businesses over the next three years, supported by enhanced digital capabilities and customer proposition. Mr. Arun Poddar, CEO of Choice International, highlighted the investment as a testament to confidence in their vision and India's financial services sector's growth. Mr. Shin Jae Wook, President & CEO of NH Investment & Securities, expressed that the partnership will create sustainable long-term growth engines for their global business.
