Motilal Oswal Financial Services Ltd invests in StockPe

Motilal Oswal Financial Services Limited ("MOFSL" or "the Company") has subscribed 1,164 fully paid up Seed Compulsorily Convertible Cumulative Preference Shares ("CCPS") having face value of Rs. 10/- each of Stockation Private Limited ("StockPe") for a consideration of Rs. 75,00,000 constituting 8.53% of the issued and paid up capital of StockPe in First Tranche, out of the total commitment of ~Rs. 2 Crore.

StockPe is a Stock Market Education Company with an object to conduct training and education in classroom and/or through online mode with the help of internet of various objects including but not limited to financial management and share trading. To develop web portal or directory, E-commerce technologies and Ebusiness solutions, manpower, design and content services and sale of such products.

Post investment, MOFSL will hold 3,102 fully paid up Seed CCPS (Equity Shares after conversion) having face value of Rs. 10/- each which consist 19.90% of total paid up capital of the StockPe.

Source : Equity Bulls

Keywords

MotilalOswalFinancialServices Investment Stockation StockPe StockMarket EducationCompany