Motilal Oswal Financial Services subscribes 8.53% stake in Stockation

15 Sep 2022 Evaluate

Motilal Oswal Financial Services (MOFSL) has subscribed 1,164 fully paid up Seed Compulsorily Convertible Cumulative Preference Shares (CCPS) having face value of Rs 10 each of Stockation (StockPe) for a consideration of Rs 75 lakh constituting 8.53% of the issued and paid up capital of StockPe in First Tranche, out of the total commitment of Rs 2 crore. The main objective of acquisition is to acquire customers educated through StockPe platform.

Post investment, MOFSL will hold 3,102 fully paid up Seed CCPS (Equity Shares after conversion) having face value of Rs 10 each which consist 19.90% of total paid up capital of the StockPe.

Motilal Oswal Financial Services offers a range of financial products and services, such as wealth management, retail broking and distribution, institutional broking, asset management, commodity broking, private equity, investment banking, and principal strategies.

Motilal Oswal Fin Share Price

929.35 4.15 (0.45%)
23-Dec-2024 14:01 View Price Chart
Peers
Company Name CMP
ICICI Securities 844.20
Motilal Oswal Fin 929.35
Angel One 2855.75
Share India Sec. 307.70
SMC Global Sec. 140.05
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