Corporate Announcement
Security Code : 532892    Company : MOTILALOFS    
 
Board Meeting Intimation for Intimation Of Board Meeting - Preferential Issue Download PDF Download XBRL
  Exchange Received Time  21/08/2019 13:11:25         Exchange Disseminated Time   21/08/2019 13:11:32              Time Taken   00:00:07
MOTILAL OSWAL FINANCIAL SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/08/2019 ,inter alia, to consider and approve Pursuant to Regulation 29(1)(d) of the SEBI LODR Regulations, 2015, we wish to inform the Exchange that the Meeting of the Board of Directors of the Company will be held on Monday, August 26, 2019, to consider and approve proposal for issue and allotment of equity shares of the Company on preferential basis to Mr. Vishal Kumar Gupta, ex-employee of MOPE Investment Advisors Private Limited, subsidiary of the Company basis Share Purchase Agreement executed between the Company, MOPE and Mr. Gupta, in exchange of 1,274 equity shares of MOPE, 25 Class A3 units of India Business Excellence Fund II and 1.38% partnership in the Managing Partner Group/Manager Group in India Realty Excellence Fund II LLP,(wherein the Company holds partnership interest and is also acting as a sponsor to LLP) held by Mr. Gupta for consideration up to Rs.13,25,43,646/- (i.e. allotment of equity shares for consideration other than cash), subject to approval of Members of the Company through Postal Ballot.
 

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