Timely payoff

Navin Agarwal has sold shares worth ₹102 crore in MOFS this year

In the past one year, the stock price of Motilal Oswal Financial Services (MOFS), India’s leading financial conglomerate, has surged by a staggering 153%, against an 11.52% rise in the benchmark Sensex. Making the most of this rally, director Navin Agarwal sold 600,000 shares worth Rs.76.5 crore on September 28. Post the sale, Agarwal’s stake has reduced to 4.84% from 5.25%. This is the second time in this calendar year that Agarwal has sold in the open market. Earlier on June 15, Agarwal had sold 200,000 shares worth Rs.25.5 crore.