Motilal Oswal Financial Services Limited has informed the Exchange about Acquisition of 7,54,97,341 Compulsorily Convertible Preference Shares of Zepto Private Limited (Formerly Known as Kiranakart Technologies Private Limited).
MOTILALOFS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Motilal Oswal Financial Services Limited (MOFSL) has acquired 7,54,97,341 Compulsorily Convertible Preference Shares of Zepto Private Limited for ₹400 Crore in cash. Zepto is an Indian quick commerce platform offering 10-minute grocery delivery, founded in 2021 and based in Bengaluru. The acquisition is part of MOFSL's treasury investment book and is aimed at generating sustainable, long-term returns, not a related party transaction, and conducted at arm's length. Zepto's turnover has grown sharply from ₹140.70 Crore in FY2022 to ₹4,454.52 Crore in FY2024, showing rapid scale-up. MOFSL's promoters already hold a small existing stake of 48,720 CCPS in Zepto.
This is a treasury investment and not core to MOFSL's broking/financial services business, so limited direct impact on operations. A successful liquidity event (IPO or sale) at Zepto in the future could boost returns, while any write-down would affect investment income.