Motilal Oswal Financial Services Limited — JV/Acquisition, 24-09-2025: Acquisition

Motilal Oswal's subsidiary has acquired a stake in Kusumgar Limited for approximately ₹100 Cr. The acquisition includes 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar. This textile company specializes in manufacturing high-performance synthetic fabrics. For Motilal Oswal, this is a strategic treasury investment, focused on generating sustainable long-term returns. Kusumgar's strong financial performance, with FY25 turnover at ₹779 Cr, underpins the investment's potential.