Motilal Oswal Financial Services has received approval for proposal of acquisition of 5,00,000 fully paid-up Equity Shares having face value of Rs 10 each of Gleiten Tech for a consideration of Rs 50 lakh representing to 100% of the issued and paid-up capital of Gleiten Tech.
Further, pursuant to the aforesaid acquisition, Gleiten Tech will become wholly-owned subsidiary of the company. The purpose of acquiring Gleiten Tech is to utilize it as a vehicle for the expansion of the company's existing and proposed business activities within the Motilal Oswal group. Furthermore, upon the completion of this transaction, the company may amend its Memorandum and Articles of Association including organizational structure.
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 | 815.95 |
| Angel One | 323.35 |
| IIFL Capital Service | 313.40 |
| Nuvama Wealth | 1403.20 |
| Share India Sec. | 147.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: