Motilal Oswal Financial Services Limited has acquired 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited for approximately ₹100 Crore. The acquisition is part of Motilal Oswal’s treasury investment book, aiming for sustainable, long-term returns. The transaction was completed on September 24, 2025.
Strategic Investment in Kusumgar
Motilal Oswal Financial Services Limited (MOFSL) has announced the acquisition of a significant stake in Kusumgar Limited, a company specializing in synthetic engineered fabrics and solutions. The investment, made through MOFSL’s wholly-owned subsidiary, involves the purchase of both Compulsorily Convertible Preference Shares and Equity Shares.
Details of the Acquisition
The breakdown of the acquisition includes 10,95,890 Compulsorily Convertible Preference Shares and 16,43,836 Equity Shares of Kusumgar Limited. The total consideration for this acquisition is approximately ₹100 Crore.
Kusumgar Limited Overview
Kusumgar Limited is focused on manufacturing woven, coated, and laminated synthetic, engineered fabrics. They offer solutions focusing on polyamides and polyester filaments and polyurethane chemistry. The company serves customers with high-performance requirements worldwide. Key financial data for Kusumgar Limited includes:
- FY 2025: ₹779.00 Crore
- FY 2024: ₹467.91 Crore
- FY 2023: ₹301.65 Crore
Rationale Behind the Investment
Motilal Oswal views this acquisition as a strategic treasury investment, designed to generate sustainable, long-term returns. The investment aligns with MOFSL’s objective of identifying and capitalizing on opportunities within various sectors. The acquisition was completed on September 24, 2025.
Source: BSE
