Motilal Oswal Financial Services invests ₹400 crore in Zepto
MOFSL clarified that the acquisition is not a related party transaction and has been executed at arm’s length. However, the promoter and promoter group of MOFSL are existing shareholders in Zepto, holding 48,720 CCPS of various series. Shares of Motilal Oswal Financial Services Ltd ended at ₹910.75, down by ₹7.40, or 0.81%, on the BSE.
MOFSL clarified that the acquisition is not a related party transaction and has been executed at arm’s length. However, the promoter and promoter group of MOFSL are existing shareholders in Zepto, holding 48,720 CCPS of various series. Shares of Motilal Oswal Financial Services Ltd ended at ₹910.75, down by ₹7.40, or 0.81%, on the BSE.
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