Choice International Limited announced a private placement to issue 23,121,000 convertible pre-paid warrants at an issue price of INR 75 per share for the gross proceeds of INR 1,734,075,000 on April 23, 2024. The transaction will include participation from new investor Plutus Wealth Management LLP for 20,000,000 warrants and Rupang properties private Limited for 3,121,000 warrants. The transaction has been approved by the shareholders of the company.

Post completion, Plutus Wealth Management LLP for 20,000,000 warrants for 8.99% stake and Rupang properties private Limited for 3,121,000 warrants for 1.40% stake.