Motilal Oswal subsidiary acquires stake in Kusumgar limited for ₹100 crore

Motilal Oswal Financial Services Limited (MOFSL), through its wholly-owned subsidiary, has acquired 1,095,890 Compulsorily Convertible Preference Shares and 1,643,836 Equity Shares of Kusumgar Limited for approximately ₹100 crore. This strategic acquisition, completed within seven days, is part of MOFSL’s treasury investment book, aimed at generating sustainable, long-term returns.

Kusumgar Limited, incorporated on June 15, 1990, specializes in manufacturing woven, coated, and laminated synthetic and engineered fabrics. The target entity's turnover for FY 2025 was ₹779.00, following ₹467.91 in FY 2024 and ₹301.65 in FY 2023. The acquisition was conducted at arm's length and is not a related party transaction.