Promoter Entities Offload Shares in Motilal Oswal; HDFC Life Steps In

In a significant move, two charitable entities associated with Motilal Oswal Financial Services have divested shares valued at approximately Rs 153 crore through block deals. HDFC Life has swooped in to acquire the full stake, highlighting the robust appetite among institutional investors for financial sector stocks. This transaction, however, does not suggest any shift in the control held by the promoters.