Investor Madhu Kela raises stake to 12% in fintech co Choice International

Veteran investor Madhusudan Kela has raised stake in BSE-listed fintech company Choice International Ltd.The company via rights issue has allocated 60,19,642 fully paid-up rights equity shares to the Madhusudan Kela and persons activating in concert (PACs) on the basis of allotment finalised in consultation with the lead Manager, the registrar to the rights issue and BSE Ltd. Post the transaction, Madhu Kela holds a 12.15% stake in Choice International.