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Motilal Oswal Financial Services Limited ( (IN:MOTILALOFS) ) has issued an update.
Motilal Oswal Financial Services Limited’s wholly owned subsidiary has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited for approximately ₹100 Crore. This acquisition, which is part of the company’s treasury investment strategy, aims to generate sustainable, long-term returns. Kusumgar Limited, a company in the textile industry, specializes in manufacturing synthetic engineered fabrics, with a focus on high-performance materials. The acquisition is not a related party transaction and is conducted at arm’s length, indicating no direct interest from the promoter group.
More about Motilal Oswal Financial Services Limited
Motilal Oswal Financial Services Limited operates in the financial services industry, offering a range of products and services including asset management, wealth management, and investment banking. The company focuses on providing financial solutions and investment opportunities to its clients.
Average Trading Volume: 85,886
Technical Sentiment Signal: Buy
Current Market Cap: 570.6B INR
For a thorough assessment of MOTILALOFS stock, go to TipRanks’ Stock Analysis page.