Motilal Oswal Financial Services Ltd, through its wholly-owned subsidiary, has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 equity shares of Kusumgar Ltd for approximately ₹100 crore. Kusumgar Ltd specializes in the manufacture of woven, coated, and laminated synthetic engineered fabrics, focusing on polyamides, polyester filaments, and polyurethane chemistry.
In a separate financial maneuver, Aditya Birla Capital Ltd (ABCL) has successfully raised ₹1,095 crore by allotting Non-Convertible Debentures (NCDs) through private placement to a diverse group of investors.
Additionally, Crisil, an S&P Global company, has announced the acquisition of McKinsey PriceMetrix Co, a prominent provider of performance benchmarking and data-driven insights within the wealth management sector. Based in Toronto, PriceMetrix caters to leading wealth management firms in the United States and Canada. The firm boasts a proprietary database that encompasses $8 trillion in assets under management and 30 million investment accounts, supported by 25 years of historical data.
Published on September 25, 2025.
