360 ONE WAM Limited has announced the grant of employee stock options (ESOPs) to eligible employees, with the board committee approving the allocation of 35,27,736 stock options.

ESOP Grant Details

The company has granted a total of 35,27,736 stock options across two distinct series, both carrying an exercise price of Re. 1 per option. This allocation demonstrates the company's strategic approach to employee incentivization through equity participation.

Vesting Structure and Timeline

Both ESOP series incorporate performance-based vesting criteria, ensuring alignment between employee rewards and company performance. The vesting periods span from 2 to 6 years, providing a long-term incentive structure for employees.

Strategic Implications

The substantial ESOP allocation reflects 360 ONE WAM Limited's commitment to employee retention and motivation through equity participation. The performance-based vesting criteria ensure that option holders remain aligned with the company's long-term growth objectives, while the nominal exercise price of Re. 1 per option maximizes the potential value realization for employees.

The differentiated vesting schedules between the two series provide flexibility in addressing various employee categories and tenure requirements, supporting the company's human resource strategy and talent retention initiatives.

360 ONE WAM Limited has announced the establishment of a new wholly owned subsidiary in GIFT City, marking a significant step in the company's expansion strategy. The new entity, named '360 ONE Global Asset Management (IFSC) Limited', will operate within the International Financial Services Centre (IFSC) framework.

Strategic Expansion into GIFT City

The creation of this subsidiary represents 360 ONE WAM's strategic move to establish a presence in one of India's premier financial hubs. GIFT City, located in Gujarat, serves as India's first operational smart city and international financial services centre, offering various regulatory and operational advantages for financial services companies.

Subsidiary Details

IFSC Framework Benefits

By establishing operations in GIFT City under the IFSC framework, the new subsidiary will be positioned to offer global asset management services while benefiting from the special regulatory environment designed to attract international financial services businesses. This move aligns with the company's broader strategy to expand its asset management capabilities and reach.

The establishment of 360 ONE Global Asset Management (IFSC) Limited demonstrates 360 ONE WAM's commitment to leveraging India's evolving financial infrastructure to enhance its service offerings and market presence in the asset management sector.