Subsidiary Details
Motilal Oswal Asset Management Company Limited (MOAMC), a material wholly-owned subsidiary of Motilal Oswal Financial Services Limited, has incorporated Motilal Oswal Pension Fund Management Limited (MOPF) as its wholly-owned subsidiary.
Incorporation Timeline
- Date of Incorporation: June 04, 2026
- Communication of incorporation received: June 08, 2026
Business Operations
MOPF will carry on the business of managing pension fund schemes regulated by the Pension Fund Regulatory and Development Authority (PFRDA) or any other statutory/government authority established under any statute or by any central/state government.
Regulatory Approvals
MOAMC received a Letter of Appointment from PFRDA to act as Sponsor of Pension Fund on May 05, 2026. MOPF will take necessary approvals from relevant authorities as required for business operations.
Ownership Structure
- MOPF is a wholly-owned subsidiary of MOAMC
- MOAMC is a material wholly-owned subsidiary of Motilal Oswal Financial Services Limited
- This constitutes a Related Party transaction
- Promoter and Promoter Group of the Company do not have any direct interest in MOPF except through their shareholding in the Company
Financial Details
- 100% subscription to Equity Share Capital in cash at Face Value
- Turnover: Not applicable as it is a newly incorporated entity
- Country of operation: India
- Industry: Financial Services
Transaction Specifics
- Acquisition completion: Not applicable (incorporation rather than acquisition)
- Consideration: Cash subscription at face value
- Percentage of shareholding: 100% control acquired
Document References
- Earlier letter dated May 06, 2026
- SEBI Master Circular dated July 11, 2023 (as amended)
- Regulation 30 of SEBI Listing Regulations