Motilal Oswal Financial Services (MOFSL) is planning to infuse Rs 200 crore in Aspire Home Finance Corporation (AHFCL) in the current financial year on expectation of strong growth in the housing finance business. AHFCL is a subsidiary of Motilal Oswal Securities, which is a part of Motilal Oswal Financial Services. MOFSL had cash of Rs 286.7 crore on books as of March 31, 2016.
Motilal Oswal offers a wide range of financial services such as wealth management, broking and distribution, commodity broking, portfolio management services, institutional equities, private equity and investment banking services. It offers wealth management services under the name Purple.
