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Choice International strengthens on arm inking pact with Pune based Broking House

04 Sep 2018

Choice International is currently trading at Rs. 123.85, up by 0.95 points or 0.77% from its previous closing of Rs. 122.90 on the BSE.

The scrip opened at Rs. 123.75 and has touched a high and low of Rs. 123.85 and Rs. 123.75 respectively. So far 1341 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.05 on 29-Jan-2018 and a 52 week low of Rs. 85.00 on 06-Sep-2017.

Last one week high and low of the scrip stood at Rs. 124.00 and Rs. 118.35 respectively. The current market cap of the company is Rs. 245.86 crore.

The promoters holding in the company stood at 73.42%, while Non-Institutions held 26.58%.

Choice International’s wholly owned Subsidiaries Choice Equity Broking & Choice Merchandise Broking herein referred to as ‘Choice Broking’ has entered into the Agreement with a Pune based Broking House namely NG Rathi Investrades & NG Commodities herein referred to as ‘NG Rathi’ Group for acquisition of their Stock Broking business along with their Depository Participant (DP) Business.

The acquisition of Retail Broking Business of ‘NG Rathi’ group brings in over 11,000 clientele base into ‘Choice Broking’ and additionally brings in a network of its two branches. On acquisition of the said Business ‘Choice Broking’ is getting its feat stronger by its growing clientele base with their increasing presence all around India.

Choice International offers services in area of project financing, assisting in raising funds by equity or debt routes, debt structuring, private equity, acquisitions, long term strategic planning, turnaround and structuring and joint ventures, divestitures and takeovers.

Related Choice International Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323