Motilal Oswal hits 52-week high, has a rub off effect on other stocks
Motilal Oswal had a rub-off effect on other brokerage firms, as Edelweiss Financial Services ended up 4.3% at Rs 86.85 after hitting a 52-week high of Rs 88.50 intraday. Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Motilal Oswal Financial Services Ltd has informed BSE regarding the details of Voting results at the 11th Annual General Meeting (AGM) of the Company held on July 21, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Motilal Oswal Financial Q1 net up at Rs 79 cr
Diversified financial services company Motilal Oswal Financial Services Ltd reported consolidated net profit of Rs 79 crore in the June quarter, up 179 per cent from the previous year. Consolidated re... Standalone & Consolidated Financial Results, Limited Review Report, Results Press Release for June 30, 2016
Motilal Oswal Financial Services Ltd has informed BSE about : 1. Standalone Financial Results for the period ended June 30, 20162. Consolidated Financial Results for the period ended June 30, 20163. Standalone Limited Review for the period ended June 30, 20164. Consolidated Limited Review for the period ended June 30, 20165. Result Press Release for the period ended June 30, 2016 Outcome of Committee Meeting
Motilal Oswal Financial Services Ltd has informed BSE that the Nomination and Remuneration/Compensation Committee of the Company at its Meeting held on July 21, 2016 have noted and has taken on record, lapse of total 59,000 Employee Stock Options of the Company under various Employee Stock Option Schemes of the Company. Outcome of AGM
Motilal Oswal Financial Services Ltd has submitted to BSE a copy of proceedings of 11th Annual General Meeting of members of the Company held on July 21, 2016.
Motilal Oswal's investment banking CEO Ashutosh Maheshvari quits
Ashutosh Maheshvari is looking to raise $300 million for his new venture, Catalyst High Yield Fund Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended June 30, 2016
Motilal Oswal Financial Services Ltd has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MOFSL's Aspire Home Finance raises Rs 100 crore from IFC for expansion
MUMBAI: Aspire Home Finance Corporation has raised Rs 100 crore debt from International Finance Corporation (IFC) to fund its expansion in the lower and middle income housing market segments. The housing finance company, a subsidiary of Motilal Oswal Financial Services (MOFSL), plans to use the rupee denominated funding to meet the financing needs of people with average loan requirement of Rs 10 lakh. "The advantage for a housing finance company to get such kind of funds is that it matches our longer tenure duration of lending," Anil Sachidanand, CEO of Aspire Home Finance Corporation told ET. "It also comes at a fairly lower cost as compared to other domestic funding sources," he said, without disclosing the cost of borrowing. The company's current cost of borrowing is about 10%. Its parent Motilal Oswal Financial Services is also looking to invest Rs 100 crore of additional equity capital in the mortgage lender in the current financial year. Once the transaction is complete the promoter capital in the firm will go up to Rs 500 crore since its inception in June 2014. Aspire Fincorp plans to raise Rs 3,000 crore in all from various institutions this fiscal, double that it did last year. Its major funding sources currently are banks and mutual funds. "Once we complete three years we can raise funds from external commercial borrowings as well," Sachidanand said. Primarily set up to finance low cost housing, Aspire uses all of its funds for retail lending. Intimation of an Analyst / Institutional Investor Meeting
Motilal Oswal Financial Services Ltd has informed BSE regarding "Intimation of an Analyst / Institutional Investor Meeting".