Brief: Motilal Oswal Financial Services Approves Scheme Of Arrangement
27/07/2023 13:24
July 27 (Reuters) - Motilal Oswal Financial Services Ltd
MOFS.NS :
* APPROVED SCHEME OF ARRANGEMENT
* APPROVED ARRANGEMENT BETWEEN CO, GLIDE TECH INVESTMENT
ADVISORY,
MOTILAL OSWAL WEALTH
* PROPOSED ARRANGEMENT INVOLVES TRANSFER OF B&D UNDERTAKING
INTO
GLIDE BY WAY OF SLUMP SALE
* PROPOSED ARRANGEMENT INVOLVES DEMERGER OF WEALTH BUSINESS
UNDERTAKING OF MOWL INTO MOFSL
* APPROVED SALE OF IDENTIFIED INVESTMENTS FROM ITS
INVESTMENTS
PORTFOLIO TO GLIDE
Source text for Eikon: ID:nBSE4Wyth8
Further company coverage: MOFS.NS
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