Promoter Reclassification30 Apr 2026, 10:03 pm
Motilal Oswal seeks reclassification of 11 promoter group members (0.42% stake)
AI Summary
Motilal Oswal Financial Services Ltd has submitted an application to BSE and NSE for the reclassification of 11 members from its 'Promoter Group' to the 'Public' category. The application, filed on April 30, 2026, is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The members seeking reclassification collectively hold 2,445,412 shares, representing 0.42% of the company's total shareholding. This move will adjust the company's shareholding structure.
Key Highlights
- Motilal Oswal applied for promoter group reclassification.
- 11 members seek reclassification to the public category.
- They collectively hold 2,445,412 shares.
- This represents 0.42% of total shareholding.
- Application made under SEBI Regulation 31A.
Price Impact
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