360 ONE WAM Expands Fund Management Operations with New GIFT City Subsidiary
360 ONE WAM Limited's subsidiary, 360 ONE Asset Management Limited, has received board approval to create a new wholly-owned subsidiary for fund management operations in Gujarat International Finance Tec-City (GIFT City). This strategic move aims to expand the company's presence in India's international financial services sector. The new entity will be a step-down wholly-owned subsidiary of 360 ONE WAM Limited, focusing on fund management activities in GIFT City.

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360 One WAM Limited, a prominent player in the wealth and asset management sector, has announced a strategic move to expand its fund management operations. The company's wholly-owned subsidiary, 360 ONE Asset Management Limited (AMC), has received board approval to establish a new subsidiary dedicated to fund management activities in Gujarat International Finance Tec-City (GIFT City).
Key Developments
- Board Approval: The board of directors of 360 ONE Asset Management Limited has greenlit the incorporation of a new wholly-owned subsidiary.
- Purpose: The new entity will focus on carrying out fund management business in GIFT City.
- Corporate Structure: Upon incorporation, the new subsidiary will become a step-down wholly-owned subsidiary of 360 ONE WAM Limited.
Strategic Implications
This move signifies 360 ONE WAM's commitment to expanding its presence in India's international financial services landscape. GIFT City, being a purpose-built smart city and international financial services center, offers a unique ecosystem for financial services companies to operate in a global context while remaining within Indian jurisdiction.
Regulatory Compliance
In adherence to regulatory requirements, 360 ONE WAM has made the following disclosures:
| Aspect | Detail |
|---|---|
| Intimation Under | Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
| Additional Disclosures | To be submitted upon incorporation of the new subsidiary |
| Disclosure Reference | Annexure 18 of SEBI Master Circular dated November 11, 2024 (SEBI/HO/CFD/PoD2/CIR/P/0155) |
Market Impact
The establishment of a dedicated subsidiary for fund management in GIFT City could potentially enhance 360 ONE WAM's capabilities in offering international financial products and services. This strategic expansion may position the company to tap into new markets and diversify its fund management portfolio.
As the financial services landscape continues to evolve, 360 ONE WAM's proactive approach in establishing a presence in GIFT City demonstrates its commitment to staying at the forefront of the industry. Investors and market watchers will likely keep a close eye on the developments following this announcement, particularly regarding the types of fund management activities the new subsidiary will undertake in GIFT City.
Historical Stock Returns for 360 One WAM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.05% | +5.20% | -3.48% | +14.85% | +4.62% | +360.17% |















































