Motilal Oswal Financial Services (MOFSL) is planning to raise Rs 1,000 crore on a private placement basis. In this regard, the company is seeking shareholders’ approval at its annual general meeting to be held on July 21, 2016. The company is likely to offer or invite subscription to secured/unsecured redeemable non-convertible debentures, bonds and/or other debt securities on private placement basis during a period of one year from passing of the special resolution by members (shareholders), within the overall limits up to Rs 1,000 crore.
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.
