Motilal Oswal Financial Services has clarified its position regarding recent price and volume fluctuations in its shares. The company asserts that it is in full compliance with all applicable regulations and has been promptly disclosing all material information. The company stated there is no undisclosed price-sensitive information (UPSI) and believes market conditions primarily drive the price movement.
Company Responds to Exchange Inquiry
Motilal Oswal Financial Services has responded to an inquiry from the exchange concerning recent activity in its stock. The company reaffirms its commitment to transparency and adherence to regulations.
Compliance and Disclosure
The company maintains it has been promptly informing the Exchange regarding all relevant events and information, including any price-sensitive information, in compliance with established regulations.
No Unpublished Price Sensitive Information
Motilal Oswal states that there is currently no Unpublished Price Sensitive Information (UPSI) that would explain the share activity. The company emphasizes its commitment to immediate disclosure of any such information should it arise.
Market-Driven Price Movement
The company believes that the recent fluctuations in price and volume are primarily driven by prevailing market conditions and are not attributable to any specific internal factors. The company said that it is not aware of the reason for the significant movement.
Source: BSE
