Bonus26 Apr 2024, 08:55 pm
Motilal Oswal Financial Services to Issue 3:1 Bonus Shares
AI Summary
The Board of Directors of Motilal Oswal Financial Services Ltd. has approved the issuance of bonus shares in a ratio of 3:1 subject to shareholder and regulatory approvals. The company also reported the completion of the audit process for the quarter and year ended March 31, 2024, and confirmed that all secured Non-Convertible Debentures issued by the company were fully secured.
Key Highlights
- Approval for issuance of bonus shares in a ratio of 3:1
- Completion of the audit process for Q1 and FY2023-24
- Confirmation of full securitization of all issued Non-Convertible Debentures.