Choice International subsidiary partners with SolarEra, dilutes solar project stakes

Choice International Limited announced on November 6, 2025, that its subsidiary, Choice Consultancy Services Private Limited (CCSPL), has entered into a strategic partnership with SolarEra Green Renewables Private Limited (SolarEra). This collaboration will focus on the ongoing solar project development activities of Choice Green Energy MH-1 Private Limited and Choice Green Energy MH-2 Private Limited.

Under a Share Purchase Agreement, CCSPL's shareholding in both Choice Green Energy MH-1 Private Limited and Choice Green Energy MH-2 Private Limited will be diluted by 49%. The consideration received for these dilutions amounts to INR 2,254,000 for Choice Green Energy MH-1 Private Limited and INR 2,744,000 for Choice Green Energy MH-2 Private Limited.

The buyer, SolarEra, is not a promoter, promoter group, or group company of Choice International. This transaction is anticipated to be completed by December 5, 2025. The strategic partnership aims to leverage SolarEra's expertise in renewable energy asset management for utility-scale solar projects across India.