We wish to inform the Exchanges that Wholly Owned Subsidiary of Motilal Oswal Financial Services Limited has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited
MOTILALOFS · price
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Motilal Oswal Financial Services Limited (MOFSL) announced that its Wholly Owned Subsidiary has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited for a total cash consideration of approximately ₹100 Crore (₹99,99,99,990). Kusumgar Limited is a textile company engaged in manufacturing woven, coated and laminated synthetic/engineered fabrics, with turnover of ₹779 Crore in FY25, ₹467.91 Crore in FY24, and ₹301.65 Crore in FY23, showing strong growth. The acquisition is a treasury investment aimed at generating sustainable long-term returns, is not a related party transaction, and is done at arm's length. No regulatory approvals are required, and the transaction is expected to be completed within 7 days.
This is a treasury investment by MOFSL, not a strategic diversification — the company explicitly states it is part of its investment book for long-term returns. The ₹100 Crore deployment is unlikely to materially impact MOFSL's stock price, though it reflects active capital allocation. Shareholders should view it as neutral to mildly positive.