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Choice International Shares Rose ~5% After SEBI’s Approval For Mutual Funds

Updated on: Dec 27, 2024, 4:53 PM IST
Choice International received In-Principle approval from SEBI to sponsor and set up a mutual fund on December 26, 2024.
Choice International Shares Rose ~5% After SEBI’s Approval For Mutual Funds
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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

SEBI Approval For Mutual Fund Launch

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.

About Choice International Limited

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.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 27, 2024, 11:26 AM IST

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