Motilal Oswal arm buys ₹100 crore stake in Kusumgar
Published on 24/09/2025 09:12 PM
Motilal Oswal arm buys ₹100 crore stake in KusumgarThe subsidiary purchased 10.96 lakh compulsorily convertible preference shares and 16.44 lakh equity shares of the Mumbai-based textile company.By CNBCTV18September 24, 2025, 9:12:00 PM IST (Published)1 Min ReadA wholly owned subsidiary of Motilal Oswal Financial Services Ltd has acquired shares of Kusumgar Ltd for about ₹100 crore, the company said in a filing to exchanges on Wednesday.
The subsidiary purchased 10.96 lakh compulsorily convertible preference shares and 16.44 lakh equity shares of the Mumbai-based textile company.
Kusumgar, incorporated in 1990, manufactures woven, coated and laminated synthetic engineered fabrics and posted revenue of ₹779 crore in FY25, up from ₹468 crore in FY24.
Motilal Oswal said the cash transaction forms part of its treasury investment book and aims to generate sustainable, long-term returns. The acquisition is not a related party deal and was executed at arm’s length, it added.
The deal is expected to be completed within seven days.
Mumbai-based Kusumgar is a globally recognised manufacturer of technical textiles, ie, textiles that are engineered to meet specific performance requirements for industrial, medical, protective, or high-tech applications.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMotilal Oswalshare market today