Motilal Oswal Financial Services has transferred the lending business by way of a slump sale on a going concern basis, to its wholly owned subsidiary (WOS), Motilal Oswal Capital Markets (MOCML) as contemplated in the Business Transfer Agreement dated August 20, 2018 at a consideration of Rs 50 crore.
Motilal Oswal Financial Services 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.
