Choice International Limited has announced a strategic partnership between its subsidiary, Choice Consultancy Services Private Limited (CCSPL), and SolarEra Green Renewables Private Limited. This collaboration aims to support ongoing solar project development activities undertaken by Choice International's step-down subsidiaries.

Partnership Details

The partnership involves two key step-down subsidiaries of Choice International:

1. Choice Green Energy MH-1 Private Limited
2. Choice Green Energy MH-2 Private Limited

As part of this arrangement, CCSPL will dilute its shareholding in both these subsidiaries by 49%.

Financial Implications

The deal's financial aspects are as follows:

Strategic Importance

This partnership marks a step for Choice International in the renewable energy sector. SolarEra Green Renewables brings expertise in:

• Renewable Energy Asset Management
• Turnkey EPC (CAPEX, OPEX, Open Access) services
• O&M services for utility-scale solar projects across India

SolarEra's track record in developing projects using advanced asset management tools is expected to support plant performance for the ongoing solar power projects.

Timeline and Compliance

• Agreement Date: November 5, 2025
• Expected Completion Date: December 5, 2025

This transaction does not fall under related party transactions, ensuring compliance with regulatory standards.

Market Impact

The immediate financial impact may be limited due to the recent incorporation of the step-down subsidiaries. This partnership aligns with the focus on renewable energy in India and could position Choice International in this expanding sector.

As the renewable energy landscape evolves, such strategic partnerships may become increasingly important for companies looking to establish a presence in the market. Investors and industry observers may keep watch on how this collaboration unfolds and its potential to impact Choice International's renewable energy portfolio.

Choice International Limited , a leading diversified financial services group in India, has announced a series of strategic moves to significantly expand its wealth management operations. The company has executed multiple acquisitions and alliances, resulting in a substantial increase in its Assets Under Management (AUM).

Key Acquisitions and Alliances

Fintoo Group Acquisition

• Acquired Fintoo Group's distribution business
• Includes distribution of Wealth Products, Insurance Products, AIFs, and PMS
• Adds approximately ₹300.00 crore to Choice's AUM

Glory Prime Wealth Acquisition

• Acquired Glory Prime Wealth Private Limited, a Pune-based wealth products distributor
• Contributes ₹210.00 crore to Choice's AUM
• Enhances presence in Western India and broadens client base among affluent investors

Strategic Alliance with Mutual Fund Distributors

• Formed alliance with four mutual fund distributors in Himachal Pradesh
• Merged their wealth management business with Choice
• Adds ₹125.00 crore to Choice's AUM

Impact on Choice International's Wealth Management Division

These strategic moves have collectively increased Choice International's total AUM by ₹635.00 crore across its wealth management division.

Strategic Implications

Choice International is focusing on building a tech-driven, multi-channel wealth platform. The integration of Fintoo and Glory Prime's distribution networks is expected to enhance the company's ability to deliver comprehensive, personalized, and scalable investment solutions.

Mr. Arun Poddar, Group CEO of Choice International Limited, commented on the acquisitions: "This investment aligns perfectly with our strategy of expanding Choice's presence across the wealth and investment management value chain. Fintoo's digital-first approach and strong client base, coupled with the robust distribution franchise of Glory Prime, will accelerate our plans to build a scalable, integrated platform that delivers superior value and convenience to investors."

The company continues to explore synergistic opportunities to strengthen its leadership in the wealth management space, indicating potential for further expansion in the future.

About Choice International Limited

Choice International is a Mumbai-headquartered, diversified conglomerate with a decade-long presence in finance, engineering, and consulting domains. The Group holds key regulatory registrations and memberships with financial authorities including SEBI, RBI, IRDAI, NSE, BSE, MCX, NCDEX, and AMFI.

Key highlights of Choice International:

• Fully integrated financial services firm
• "Great Place to Work" certified
• Ranks among the top 20 brokers in India
• Serves over 14 lakh clients
• Operates 211 branch offices
• Network of more than 63,000 trained business associates

These strategic acquisitions and alliances underscore Choice International's commitment to expanding its footprint in the wealth management sector, leveraging technology and strategic partnerships to enhance its service offerings and market position.