Motilal Oswal Financial Services Ltd Share Price – NSE  /  BSE

Stock/ Commodity Brokers, Small Cap

Motilal Oswal Financial Services will hold a meeting of the Board of Directors of the Company on 26 April 2024.

Powered by Capital Market - Live News

At the same meeting, the company’s board will also consider and approve the audited financial results (standalone & consolidated) for the quarter and the year oended on 31 March 2024.

Motilal Oswal Financial Services is a financial services company. Its offerings include capital markets businesses (retail broking, institutional broking & investment banking), asset & wealth management (asset management, private equity & wealth management), housing finance & equity-based treasury investments.

The company's consolidated net profit surged to Rs 659.88 crore in the quarter ended December 2023 as against Rs 226.45 crore during the previous quarter ended December 2022. Revenue rose 67.27% to Rs 1766 crore in Q3 FY24 over Q3 FY23.

Powered by Capital Market - Live News

Motilal Oswal Financial Services announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 500 crore (Base Issue Size), with a green shoe option of up to Rs 500 crore, cumulatively aggregating up to Rs 1,000 crore (Issue).

There are eight series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at maturity interest options. Effective annual yield for NCDs ranges from 8.85% p.a. to 9.70% p.a.

The Issue is scheduled to open on 23 April 2024, and close on 07 May 2024.

Powered by Capital Market - Live News

Motilal Oswal Financial Services has plans for a public issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of Rs 1,000 each (NCDs) for an amount aggregating up to Rs 500 crore (Base Issue Size) with an option to retain oversubscription up to Rs 500 crore (Green Shoe Option) aggregating up to 1,00,00,000 NCDs for an amount up to Rs 1,000 crore (the Issue). In this regard, the company has filed prospectus with BSE, NSE and forwarded to the Securities and Exchange Board of India.

Powered by Capital Market - Live News