Promoter Reclassification12 Jun 2026, 08:41 pm
Motilal Oswal gets nod for promoter reclassification
AI Summary
Motilal Oswal Financial Services Ltd has received no-objection letters from BSE and NSE for the reclassification of 11 members from the 'Promoter Group' to the 'Public' category. This move is in compliance with SEBI's LODR Regulations, 2015, specifically Regulation 31A. The reclassification pertains to a total of 24,45,412 shares, representing 0.42% of the company's total shareholding. The company had initially submitted its application for this reclassification on April 30, 2026.
Key Highlights
- BSE and NSE grant no-objection for promoter reclassification.
- 11 members to move from 'Promoter Group' to 'Public' category.
- Reclassification covers 24,45,412 shares (0.42% holding).
- Action complies with SEBI LODR Regulations 31A.
- Application was initially filed on April 30, 2026.
Price Impact
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