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Motilal Oswal to invest in real estate funding
01 Dec 2015
1 Min Read
CW Staff
Motilal Oswal is planning to diversify into new areas such as real estate funding. The company will use its new Rs 1,000 crore real estate fund to invest primarily in the affordable housing segment. The company's revenue from the traditional brokerage business grew only 5.7 per cent and segment profit was down 41.5 per cent year-on-year, during the first half of FY16. On the other hand, its newer businesses such as asset management and housing finance have been growing rapidly.
Motilal Oswal is planning to diversify into new areas such as real estate funding. The company will use its new Rs 1,000 crore real estate fund to invest primarily in the affordable housing segment. The company's revenue from the traditional brokerage business grew only 5.7 per cent and segment profit was down 41.5 per cent year-on-year, during the first half of FY16. On the other hand, its newer businesses such as asset management and housing finance have been growing rapidly.
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