Motilal Oswal Subsidiary Acquires Stake In Kusumgar For Rs 100 Cr.
Motilal Oswal Financial Services Limited (MOFSL) has announced that its wholly owned subsidiary has acquired a stake in Kusumgar Limited, a leading player in high-performance synthetic fabrics, for a consideration of approximately Rs 100 crore.
The acquisition includes 10,95,890 compulsorily convertible preference shares and 16,43,836 equity shares of Kusumgar Limited. The transaction, executed in cash, is part of MOFSL’s treasury investment strategy aimed at generating sustainable, long-term returns.
Founded in 1990 and headquartered in Mumbai, Kusumgar Limited is engaged in the manufacture of woven, coated, and laminated engineered fabrics. Its product portfolio focuses on polyamides, polyester filaments, and polyurethane chemistry, serving high-performance requirements across global markets.
The company has recorded strong financial growth in recent years, with turnover rising to Rs 779 crore in FY25, compared to Rs 467.91 crore in FY24 and Rs 301.65 crore in FY23.
No regulatory approvals were required, and the deal is expected to be completed within seven days.
