Motilal Oswal to Raise Rs 200 Crore via NCD Issuance

Motilal Oswal Financial Services Limited has established itself as a trusted name in the financial services industry in India. With a strong focus on research and customer service, the company has built a loyal client base over the years. Their diverse range of products and services cater to the needs of both individual investors and institutional clients. The company’s listing on the BSE and NSE stock exchanges reflects its commitment to transparency and corporate governance. Overall, Motilal Oswal Financial Services Limited continues to be a leading player in the Indian financial services sector, known for its expertise, integrity, and innovation.

Motilal Oswal fund raised through NCDs:

The plan to raise Rs 200 crore through private placement of non-convertible debentures (NCDs) was approved by Motilal Oswal Financial Services Ltd. on Monday. The company announced through an exchange filing that the board of directors had approved the issuance of fully paid, secured, rated, redeemable, listed, senior NCDs with a face value of Rs 1 lakh. The company plans to raise up to Rs 100 crore, with the option to keep up to Rs 100 crore in oversubscriptions. This would allow it to aggregate up to 20,000 NCDs for a total of Rs 200 crore. The NCDs will have an eight-year term and a 9.25% annual coupon. It has been suggested that the NCDs be listed on the Bombay Stock Exchange. From the deemed date of allotment, NCD holders will be eligible for all benefits associated with the NCDs, including interest on the NCDs.

Motilal Oswal Financial Services Ltd. stock is 5% up today:

Today, Motilal Oswal’s stock is displaying a positive trend following yesterday’s approval of Rs. 200 crore through NCDs. The stock is currently trading at Rs. 664.35 per share, with the highest trade recorded at Rs. 671.95 per share. 

Conclusion: Motilal Oswal Financial Services Ltd. is looking to raise a fund of Rs. 200 crore through NCDs to strengthen the company.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.