Motilal Oswal Financial Services (MOFSL) has subscribed 1,164 fully paid up Seed Compulsorily Convertible Cumulative Preference Shares (CCPS) having face value of Rs. 10/- each of Stockation (StockPe) for a consideration of Rs. 75 lakh constituting 8.53% of the issued and paid up capital of StockPe in First Tranche, out of the total commitment of ~Rs. 2 crore.
Post investment, MOFSL will hold 3,102 fully paid up Seed CCPS (Equity Shares after conversion) having face value of Rs. 10/- each which consist 19.90% of total paid up capital of the StockPe.
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