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Exchange Received Time  21/08/2018 22:06:47 Exchange Disseminated Time 21/08/2018 22:06:51 Time Taken 00:00:04 | Pursuant to provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform the Exchange that the Company has transferred the lending business by way of a slump sale on a going concern basis, to its wholly owned subsidiary, Motilal Oswal Capital Markets Limited ('MOCML') as contemplated in the Business Transfer Agreement ('BTA') dated August 20, 2018 at a consideration of Rs. 50 Crores (subject to usual post completion adjustments). Thus, on completion of the transaction, the lending business of the Company pursuant to the BTA stands transferred to MOCML from opening of business hours of Tuesday, August 21, 2018. Kindly take the same on record. |
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