Motilal Oswal subsidiary gets SEBI custodian license
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Motilal Oswal Financial Services' wholly-owned subsidiary MOCSPL received SEBI approval on Sept 23, 2026 to act as a Custodian of Securities. The license enables safekeeping of securities, trade settlement, corporate action processing, and regulatory reporting for institutional clients such as AIFs, mutual funds, PMS providers, insurance and pension funds. This completes the group's institutional value chain covering broking, wealth, asset management, private wealth, investment banking, alternates and home finance. Operations are set to begin in the last quarter of 2026.
Strengthens institutional franchise; enables in-house custody and cross-selling across group businesses from Q4 2026.