Motilal Oswal Financial Services : General updates

September 15, 2022
BSE Limited	National Stock Exchange of India Limited
P. J. Towers,	Exchange Plaza, Plot No. C/1, G Block,
Dalal Street, Fort,	Bandra-Kurla Complex, Bandra (E),
Mumbai - 400001	Mumbai - 400051
Security code: 532892	Symbol: MOTILALOFS

Subject: Subscription of Compulsorily Convertible Cumulative Preference Shares of Stockation Private Limited ("StockPe")

Dear Sir/Madam,

We are pleased to inform the Exchange that Motilal Oswal Financial Services Limited ("MOFSL" or "the Company") has subscribed 1,164 fully paid up Seed Compulsorily Convertible Cumulative Preference Shares ("CCPS") having face value of Rs. 10/- each of Stockation Private Limited ("StockPe") for a consideration of Rs. 75,00,000 constituting 8.53% of the issued and paid up capital of StockPe in First Tranche, out of the total commitment of ~Rs. 2 Crore.

In view of the above and pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (as amended) read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, please find below detailed information:

Sr.	Particulars	Information
No.
1.	Name of the target entity, details in brief	Stockation Private Limited (StockPe).
	such as size, turnover etc.
		Date of Incorporation: October 06, 2021.
2.	Whether the acquisition would fall	Investment in Stockation Private Limited
	within related party transaction(s) and	(StockPe) does not constitute a related
	whether the promoter/ promoter	party transaction. MOFSL's promoter/
	group/ group companies have any	promoter group does not hold any
	interest in the entity being acquired? If	interest in StockPe.
	yes, nature of interest and details thereof

	and whether the same is done at "arm's	MOFSL and its subsidiaries in the normal
	length"	course of business may have business
		dealings with StockPe at an arm's length.
3.	Industry to which the entity being	StockPe is a Stock Market Education
	acquired belongs	Company with an object:
		i. to conduct training and education in
		classroom	and/or through online
		mode with the help of internet of
		various objects including but not
		limited to	financial	management
		and share trading.
		ii. to develop web portal or directory,
		E-commerce technologies and E-
		business	solutions,	manpower,
		design and content services and sale
		of such products.
4.	Objects and effects of acquisition	To acquire customers educated through
	(including but not limited to, disclosure	StockPe platform.
	of reasons for acquisition of target
	entity, if its business is outside the main
	line of business of the listed entity)
5.	Brief details of any governmental or	Governmental or regulatory approval is
	regulatory approvals required for the	not required.
	acquisition
6.	Indicative time period for completion of	Within a period of 12 Months form this
	the acquisition	intimation.
7.	Nature of consideration - whether cash	Cash consideration of ~Rs. 2 Crore
	consideration or share swap and details	(Rupees Two Crore Only) in tranches as
	of the same	agreed for 19.90% Seed CCPS (Equity
8.	Cost of acquisition or the price at which	Shares after conversion) of total paid up
	the shares are Acquired	capital of StockPe.
9.	Percentage of shareholding / control	Post investment, MOFSL will hold 3,102
	acquired and / or number of shares	fully paid up Seed CCPS (Equity Shares
	acquired	after conversion) having face value of Rs.
		10/- each which consist 19.90% of total
		paid up capital of the StockPe.

10.	Brief background about	the	entity	StockPe	was	incorporated	on
	acquired in terms of products/line of	October 06, 2021 and operates in the
	business	acquired,	date	of	domain of providing stock market
	incorporation, history of last 3 years	education through video content to its
	turnover, country in which the acquired	app users. The StockPe's Operations are
	entity has presence and any other	focused only on India currently.
	significant information (in brief)

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Motilal Oswal Financial Services Limited

Kailash

Chunnilal

Purohit

Digitally signed by Kailash Chunnilal Purohit

Date: 2022.09.15 10:50:18 +05'30'

Kailash Purohit

Company Secretary & Compliance Officer