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Coimbatore, Jan. 13

The board meeting of Motilal Oswal Financial Services Ltd has, subject to receipt of necessary approvals, if any, approved investment of Rs 10 crore in the share capital of an Asset Management Company to be set up in accordance with the provisions of Securities & Exchange Board of India (Mutual Fund) Regulations, 1996. The board also cleared investment of Rs 1 crore in the share capital of a Trustee Company to be set up in accordance with the provisions of the SEBI (Mu tual Fund) Regulations, the company informed the BSE. —

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Motilal Oswal to invest Rs 10 cr in AMC

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