Motilal Oswal Subsidiary Acquires Stake in Kusumgar Ltd for ₹100 Crore
The acquisition represents a moderate investment for strategic growth.
The acquisition is likely to generate long-term returns for the company.
* Motilal Oswal Financial Services Limited's (MOFSL) wholly-owned subsidiary has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited. * The acquisition consideration is approximately ₹100 Crore. * Kusumgar Limited is involved in manufacturing woven, coated, and laminated synthetic engineered fabrics. * Kusumgar's turnover: * FY 2025: ₹779 Crore * FY 2024: ₹467.91 Crore * FY 2023: ₹301.65 Crore * The acquisition is part of treasury investment book to generate long-term returns. * The acquisition is expected to be completed within 7 days. * Kusumgar Limited was incorporated on June 15, 1990.
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Motilal Oswal Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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