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The latest update is out from Motilal Oswal Financial Services Limited ( (IN:MOTILALOFS) ).
Motilal Oswal Financial Services Limited’s wholly-owned subsidiary has entered into a definitive agreement to acquire 169,018 compulsorily convertible preference shares of IL JIN Electronics (India) Private Limited for approximately ₹110 Crore. IL JIN operates in the Electronics Manufacturing Services industry, primarily dealing with printed circuit boards and assemblies. This acquisition is part of MOFSL’s treasury investment strategy aimed at generating sustainable, long-term returns, and is conducted at arm’s length, with no related party transactions involved.
More about Motilal Oswal Financial Services Limited
Motilal Oswal Financial Services Limited (MOFSL) operates in the financial services industry, providing a range of products and services including asset management, wealth management, and investment banking. The company focuses on delivering financial solutions to individual and institutional clients.
Average Trading Volume: 84,958
Technical Sentiment Signal: Strong Buy
Current Market Cap: 565.9B INR
For an in-depth examination of MOTILALOFS stock, go to TipRanks’ Overview page.