NH Investment & Securities invests in an Indian securities firm 1,423strategic investment worth KRW hundred million

NH Investment & Securities 7 announced that it had entered into a strategic equity investment agreement with Choice Equity Broking (hereinafter CEB), the securities subsidiary of Choice Group, a listed Indian financial group, worth 9 hundred million (INR 1,423 hundred million rupees). The company explained that this was not merely a financial investment, but a strategic investment premised on participation in management.90The company explained that this was not merely a financial investment, but a strategic investment premised on participation in management.

NH Investment & Securities will acquire an equity stake in CEB in the form of preferred shares, and the total equity stake, including common shares, will be 32.2% as of the time of investment. It disclosed that the equity stake may change in the future depending on the conversion terms.

The company also announced plans to participate on the board of directors. It explained that participation on the board would establish a strategic partnership beyond that of a mere investor.

CEB was introduced as a full-service securities firm based on a nationwide sales network and digital platform in India. According to reports, it is known to have approximately 260,000active customers.

NH Investment & Securities said it pursued the investment to establish a foothold in India, a global growth hub, and build a foundation for long-term cooperation with a local financial company.

The company disclosed details of the contract terms, future operating plans, and provisions related to the conversion of its stake. It added that the specific schedule and subsequent procedures would be announced in future disclosures.