Kaynes Tech Crash: Motilal Oswal slams rumors over investigation, fund management practices and warns of legal action

Kaynes Tech Crash: Motilal Oswal slams rumors over investigation, fund management practices and warns of legal action

Motilal Oswal, co-founder of Motilal Oswal Group, on Thursday issued a strong public rebuttal to social media allegations questioning the company’s research integrity and fund management practices. Oswal was responding to anGarg also pointed out the “irony” that the brokerage had issued a ‘Buy’ rating with a target of Rs 8,200 on the stock just two weeks earlier. Oswal dismissed such claims as “false, nonsense and completely unwarranted,” claiming that the group maintains strict processes, independent investigations and no personal transactions on its own accounts.

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