Choice International shares rose by 4.8% on the BSE, reaching an intraday high of ₹563.05 per share. This increase came after the Securities and Exchange Board of India (SEBI) granted the company approval to establish a mutual fund. Choice International share price was up 3.6%, trading at ₹556.05 per share on the BSE at 10:04 AM on December 27, 2024
On December 26, 2024, Choice International announced that it had received In-Principle approval from SEBI to sponsor and set up a mutual fund. As part of this approval, the company will establish an Asset Management Company (AMC) and a Trustee Company. However, the final registration approval from SEBI will be granted once the company fulfils the requirements outlined in the in-principle approval letter.
Established in 1993 and headquartered in Mumbai, Choice International Ltd. is a prominent financial services firm in India. Operating under the brand name Choice Group, the company offers a wide array of services, including investment banking, stockbroking, wealth management, and financial consulting.
Choice International serves a diverse clientele, including retail, corporate, and institutional investors. Its offerings include equity and commodity trading, mergers and acquisitions advisory, portfolio management, and tax planning.
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Published on: Dec 27, 2024, 11:26 AM IST
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