Motilal Oswal Financial Services Ltd has informed that the Board of Directors of the Company at its meeting held on January 10, 2008, had, subject to receipt of the necessary approvals, if any, approved of the:
1. Investment of Rs 10 crores 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; and
2. Investment of Rs 1 crore in the share capital of a Trustee Company to be set up in accordance with the provisions of the Securities & Exchange Board of India (Mutual Fund) Regulations, 1996.
1. Investment of Rs 10 crores 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; and
2. Investment of Rs 1 crore in the share capital of a Trustee Company to be set up in accordance with the provisions of the Securities & Exchange Board of India (Mutual Fund) Regulations, 1996.
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