Motilal Oswal Financial Services Limited
Code: MOTILALOFS | Category: Demerger
Type: Scheme of Arrangement
Event Details
| Announcement Date: | January 28, 2025 |
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Demerger Information
| Resulting Entity: | Motilal Oswal Wealth Limited |
|---|---|
| Demerged Business: | Wealth management services |
| Remaining Business: | Financial services including broking and distribution |
| Appointed Date: | 2023-04-01 |
| Board Approval: | 2023-07-27 |
| Status: | Withdrawn |
Rationale
To align the Company's holding and business structure in terms of requirement of Rule 8 of the Securities Contracts (Regulation) Rules, 1957.
Document
View PDF https://nsearchives.nseindia.com/corporate/MOTILALOFS_28012025165411_MOFSL_Outcome_BM_28012025.pdfDocument
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