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Motilal Oswal establishes wholly-owned subsidiary in Dubai

April 4, 2025 at 07:05 PM UTCBy FilingReader AI

Motilal Oswal Financial Services Limited (BSE: 532892) announced today the establishment of a wholly-owned step-down subsidiary, Motilal Oswal International Wealth Management Limited ("MOIWML"), in the Dubai International Financial Centre ("DIFC"). The incorporation, approved on April 4, 2025, aims to expand the company's reach in investments, financial products and custody services within the global markets. MOIWML will leverage investment opportunities by offering financial advice and arrangement in the global markets. Securities and Exchange Board of India had granted a 'No-Objection Certificate' on January 27, 2025 for setting up of MOIWML in DIFC. MOIWML is 100% owned by MO Alternate Investment Advisors Private Limited which in turn is a wholly owned subsidiary of Motilal Oswal Financial Services Limited.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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