Choice International’s step down subsidiary Choice Wealth Management has acquired mutual fund distribution business of ‘Bank Bazaar’. In 2016, Bank Bazaar had forayed into online mutual fund distribution space from select asset management companies using a proprietary research methodology for investors.
The said acquisition of the mutual fund distribution business of ‘Bank bazaar’ was a complete cash-deal, with a win-win situation for both the entities. The users of Bank Bazaar shall be in position to access the research tools available on Choice's online platform for investing in mutual funds through application ‘Investica’, which facilitates investors to attain financial freedom. The said acquisition is part of Investica's inorganic growth strategy.
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.
