Motilal Oswal Financial Services to issue NCDs worth Rs105cr; stock gains 2%

The company intends to issue 1,050 Non-Convertible Debentures of the face value of Rs10 lakh each, on a private placement basis, in one or more tranches.

February 03, 2021 3:32 IST India Infoline News Service

Motilal Oswal Financial Services Limited informed the exchanges Tuesday that the company intends to issue 1,050 Secured Redeemable Rated Listed Principle Protected Non-Convertible Debentures of the face value of Rs10 lakh each, amounting to Rs105cr on private placement basis, in one or more tranches.

Towards close, Motilal Oswal Financial Services Ltd was trading at Rs633.45 per piece up by Rs13.2 or 2.13% from its previous closing of Rs620.25 per piece on the BSE.

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