Motilal Oswal Financial Services (MOFSL) has received approval to make an investment in Gufic Biosciences (Gufic) in lines with MOFSL’s fund based investment strategy. The said investment will be made by acquiring and/or subscribing to 33,33,000 Equity Shares having face value of Re 1 each at Rs 300 per Share for a consideration of Rs 99.99 crore contributing to 3.32% of the post paid-up share capital of Gufic by way of Preferential issue.
The Finance Committee of Motilal Oswal Financial Services at its meeting held on September 01, 2023 has approved the same.
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.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 790.80 |
| Angel One | 321.00 |
| IIFL Capital Service | 319.65 |
| Nuvama Wealth | 1375.50 |
| Share India Sec. | 148.80 |
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