In a groundbreaking move that promises to reshape the wealth management landscape in India, 360 ONE WAM has announced an exclusive strategic collaboration with UBS, one of the world's leading wealth managers. This partnership, revealed on April 22, 2025, aims to combine 360 ONE's local expertise with UBS's global reach and capabilities, offering enhanced wealth management solutions to domestic and international clients.

Key Highlights of the Collaboration

• Strategic Partnership: 360 ONE WAM and UBS will work together to provide comprehensive wealth management solutions for both domestic and global Indian clients.
• Business Acquisition: 360 ONE WAM will acquire UBS's onshore wealth management business in India through its subsidiaries.
• Equity Stake: UBS will purchase warrants amounting to a 4.95% stake in 360 ONE WAM, demonstrating its commitment to the Indian market.
• Expanded Services: Clients from both institutions will gain access to a broader range of onshore and offshore wealth management solutions.
• Future Exploration: The partnership will explore potential collaborative opportunities in asset management products and investment banking services.

Transaction Details

The Board of Directors of 360 ONE WAM has approved several key components of this strategic collaboration:

1. Warrant Issue: 360 ONE WAM will issue 205,02,939 warrants to UBS AG on a preferential basis at Rs. 1,030.00 per warrant, convertible into an equivalent number of equity shares within 18 months.
2. Business Acquisitions:
   • 360 ONE Distribution Services Limited will acquire the stock broking and distribution business of Credit Suisse Securities (India) Private Limited for Rs. 175.00 crores.
   • 360 ONE Portfolio Managers Limited will acquire the discretionary and non-discretionary portfolio management services business for Rs. 132.00 crores.
   • 360 ONE Prime Limited will acquire the residual loan portfolio of wealth management clients.

Market Impact and Future Outlook

This strategic collaboration is expected to significantly enhance 360 ONE WAM's position in the Indian wealth management sector. By leveraging UBS's global expertise and 360 ONE's strong local presence, the partnership aims to deliver a unique blend of international capabilities and domestic market insights.

Akhil Gupta, Chairman of 360 ONE WAM, stated, "This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS AG—one that strengthens our position as a market leader in India and UBS's offering as the wealth manager of choice for Global Indians."

Karan Bhagat, Founder, MD & CEO of 360 ONE, added, "This collaboration marks the beginning of a powerful relationship, which will further enhance 360 ONE's existing value proposition and add synergies for our employees, clients and shareholders."

The transaction is subject to necessary regulatory approvals, including those from the Competition Commission of India and SEBI. It is expected to be completed within approximately six months.

Conclusion

As India's wealth management sector continues to grow rapidly, this strategic alliance between 360 ONE WAM and UBS is poised to set new standards in the industry. By combining local expertise with global capabilities, the partnership aims to offer unparalleled wealth management solutions to India's burgeoning high-net-worth and ultra-high-net-worth individuals, both domestically and internationally.

Investors and market watchers will be keenly observing how this collaboration unfolds and its potential impact on the competitive landscape of India's wealth management industry in the coming years.

360 ONE WAM Limited has reached significant milestones in its expansion plans, securing crucial regulatory approval for a strategic acquisition and announcing a new deal with UBS AG.

B&K Securities Acquisition

360 ONE WAM announced that it has obtained the necessary prior approval from the Securities and Exchange Board of India (SEBI) under the SEBI (Merchant Bankers) Regulations for the acquisition and proposed change of control of Batlivala & Karani Securities India Private Limited (B&K Securities).

According to the company's latest disclosure to the stock exchanges, B&K Securities received the SEBI approval on April 21, 2025. This approval is a critical step forward in 360 ONE WAM's plans to acquire the entire fully paid-up equity share capital of B&K Securities on a fully diluted basis from its existing shareholders.

The acquisition plans were initially announced by 360 ONE WAM on January 27, 2025. At that time, the company informed the market that the deal was subject to necessary approvals from regulatory authorities. With this SEBI approval now in hand, a major regulatory hurdle has been cleared.

360 ONE WAM stated that upon receiving all other necessary approvals and/or no objections from regulatory authorities, the company will initiate steps to discharge the Total Consideration for the acquisition. The specifics of the consideration amount were not disclosed in the current announcement but were referenced in the company's earlier intimation from January.

UBS AG's India Wealth Business Acquisition

In a separate development, 360 ONE WAM has announced the acquisition of UBS AG's onshore India wealth business for Rs 307.00 crore. This deal encompasses UBS's stock broking, distribution, and portfolio management services in India.

As part of this agreement, 360 ONE and UBS will form a strategic collaboration to enhance wealth management services both in India and internationally. This partnership aims to leverage the strengths of both organizations to provide comprehensive wealth management solutions to clients.

Additionally, UBS will acquire a 4.95% stake in 360 ONE through warrants, further solidifying the partnership between the two financial institutions.

Implications for 360 ONE WAM

These acquisitions, once completed, are expected to significantly strengthen 360 ONE WAM's position in the financial services sector. The B&K Securities acquisition could potentially complement 360 ONE WAM's existing portfolio of services and expand its market reach in the merchant banking space.

Meanwhile, the acquisition of UBS AG's India wealth business will substantially enhance 360 ONE WAM's capabilities in wealth management, stock broking, and portfolio management services. The strategic collaboration with UBS also opens up opportunities for international expansion and knowledge sharing.

Regulatory Compliance

The company emphasized its commitment to regulatory compliance, stating that the discharge of the Total Consideration for the B&K Securities acquisition will be carried out in accordance with applicable laws. This approach underscores 360 ONE WAM's focus on maintaining transparency and adhering to regulatory standards throughout the acquisition processes.

As the financial services landscape in India continues to evolve, these strategic moves by 360 ONE WAM could be seen as significant steps towards consolidation and growth in the sector. Investors and market watchers will likely keep a close eye on further developments as the company moves forward with finalizing these acquisitions and integrating the new businesses into its operations.