Motilal Oswal plans to enter capital market

Mumbai, Apr 2 (UNI) Motilal Oswal Financial Services limited (MOFSL), one of the leading financial services companies in the country, is eyeing major expansion programmes in the years ahead.

The company will strenghten its financial activities by infusing funds in to Motilal Oswal Securities Limited (MOSL) and Motilal Oswal Commodities Brokers Private Limited (MOCB), two of its subsidiaries, a release said.

In order to fund its expansion plans, MOFSL proposes to enter the capital market with a public issue of 2,982,710 equity shares of Rs 5 each. Citigroup Global Markets India Pvt Ltd is the BRLM for the issue, it added.

UNI