Motilal Oswal Financial Services has unveiled buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore. The buyback represents 0.98 per cent of the total paid-up equity share capital of the company as on March 31, 2022.
The company has decided to use tender offer route for acquisition of shares. Members of the promoter and promoter group of the company have indicated their intention to participate in the proposed buyback.
Motilal Oswal Financial Services offers a range of financial products and services, such as wealth management, retail broking and distribution, institutional broking, asset management, commodity broking, private equity, investment banking, and principal strategies.
