Motilal Oswal Financial Services (MOFSL) has subscribed for 1,164 fully paid Compulsory Convertible Cumulative Preference Shares (CCPS) with a nominal value of Rs. 10/- each of Stock (StockPe) for consideration of Rs. % of issued and paid-up capital of StockPe in the first tranche, out of the total commitment of ~Rs. 2 crores.
After the investment, MOFSL will hold 3,102 fully-paid seed CCPS (participating shares after conversion) with a nominal value of Rs. 10/- each consisting of 19.90% of the total paid-up capital of the StockPe.
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