CIChoice International531358New investment

Material subsidiary allots ~42.25 lakh CCPS to NH Investment & Securities at ₹2,130 each

The material subsidiary has issued and allotted ~42.25 lakh Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd. of South Korea at ₹2,130 per CCPS, aggregating ₹8,99,99,95,500.

By ScoutQuest · Tue 27 Oct 2026, 5:07 PM IST · 2 min read

CCPS allotted

~42.25 lakh Compulsorily Convertible Preference Shares (CCPS)

Subscription price per CCPS

₹2,130 per CCPS (face value ₹10 plus securities premium ₹2,120)

Aggregate amount

₹8,99,99,95,500

What was allotted

• Choice Equity Broking Private Limited (CEBPL), the material subsidiary, has issued and allotted ~42.25 lakh Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd.
• The investor is a company incorporated in the Republic of Korea.
• The allotment follows the Shareholders' Agreement and Share Subscription Agreement executed earlier, and was made on receipt of the requisite approvals.

Deal size and pricing

• Subscription price: ₹2,130/- per CCPS.
• Of that, ₹10/- is face value and ₹2,120/- is securities premium per CCPS.
• Aggregate amount: ₹8,99,99,95,500/- (Rupees Eight Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Five Thousand Five Hundred only).

What CCPS means, in simple terms

• A preference share is a class of share that sits ahead of ordinary equity in some respects; these particular shares must convert into equity shares.
• The conversion will happen in accordance with the terms and conditions set out in the Definitive Agreements.
• On conversion, the equity shares issued will rank pari passu with the existing equity shares of CEBPL, meaning they carry the same rights as the shares already in issue.

Control position

• The allotment, and the later conversion of these CCPS into equity shares, will not result in any change in the control of CEBPL.

Where the money lands

• The shares are issued by CEBPL, the material subsidiary, so the subscription amount is received at the subsidiary level.

About the investor

• NH Investment & Securities Co., Ltd. is headquartered in Seoul, South Korea, and operates as a core subsidiary of NH Financial Group, with a legacy dating to its establishment in 1969.
• It provides securities brokerage, wealth management, investment banking and capital markets solutions, with a domestic branch and office network and overseas operations in key global financial centres.

How the company describes it

• The company calls the strategic investment a valuable opportunity for CEBPL to partner with a distinguished and highly reputed investor, reflecting the investor's confidence in CEBPL's business model, management and future prospects.

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