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The Economic Times
The Economic Times
Akash Podishetti

Promoter entities sell Rs 153 crore worth shares in Motilal Oswal block deal; HDFC Life picks up stake

HDFC Life Motilal Oswal Financial Services

Two promoter-group charitable entities of Motilal Oswal Financial Services Limited sold shares worth about Rs 153 crore through block deals on Monday, with HDFC Life Insurance Company Limited emerging as the buyer.

According to NSE block deal data, Motilal Oswal Foundation and Motilal Oswal Healthcare Foundation together sold 18.2 lakh shares of Motilal Oswal Financial Services at Rs 842.5 per share. The larger transaction was executed by Motilal Oswal Foundation, which sold 14.55 lakh shares, translating into a deal value of about Rs 122.58 crore.

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