Motilal Oswal To Infuse Rs 10cr In AMC

Coimbatore: The board meeting of Motilal Oswal Financial Services Ltd has, subject to receipt of necessary clearances, if any, approved investment of Rs 10 crore in the share capital of an Asset Management Company to be set up in accordance with the provisions of Securities & Exchange Board of India (Mutual Fund) Regulations, 1996. The board also approved investment of Rs 1 crore in the share capital of a Trustee Company to be established in accordance with the provisions of the SEBI Regulations.