M&A
Choice Broking acquires Arete Capital Services
Choice Equity Broking Pvt Ltd, a full-service brokerage firm and a subsidiary of Choice International Ltd, has acquired Mumbai-headquartered Arete Capital Services Pvt Ltd , a wealth management firm with assets under management (AUM) of INR 5,151 crore.With this acquisition, Choice Broking’s total wealth management AUM will grow from INR 1,090 crores to INR 6,241 crores, representing a 5.73x increase.Arete serves a clientele of high networth individuals (HNIs) and institutional investors, offering tailored financial solutions focused on long-term wealth creation and investment growth.
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