Mumbai, July 9 -- The proposed investment will support the expansion of CEBPL's broking, wealth management and capital markets businesses, strengthening the company's growth strategy across its financial services platform.

NHIS, a subsidiary of NH Financial Group, will invest Rs 899.99 crore through the subscription of 42,25,350 compulsorily convertible preference shares (CCPS) at Rs 2,130 per share, subject to regulatory and other customary approvals.

The investment marks a strategic partnership between the two companies and comes amid rising retail participation, growing investor awareness and increasing digital adoption in India's capital markets.

The proceeds will be deployed to expand CEBPL's margin trading facility (MTF) book, st...