360 ONE WAM Shares Dip Despite SEBI Nod and CCI Approval for Strategic Acquisitions
360 One WAM's stock fell 5.32% to Rs 1174.00, despite receiving SEBI approval for its subsidiary to acquire Credit Suisse India's PMS business. The Competition Commission of India also approved 360 ONE group's acquisition of certain UBS AG businesses in India. As part of the deal, UBS AG will subscribe to warrants representing 4.95% of 360 ONE WAM's paid-up share capital. Despite the share price decline, analysts maintain a 'Buy' rating with projected revenue growth of 17.20%.

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360 One WAM , a prominent player in the wealth and asset management sector, experienced a significant drop in its share price despite receiving key regulatory approvals. The company's stock fell 5.32% to Rs 1174.00, even as the Securities and Exchange Board of India (SEBI) gave its nod for 360 One WAM's subsidiary to acquire Credit Suisse India's Portfolio Management Services (PMS) business.
Acquisition Details
The acquisition marks a strategic move for 360 One WAM to expand its footprint in the wealth management space. While SEBI's approval is a crucial step forward, the deal still awaits final regulatory clearances before it can be fully consummated.
In a separate development, the Competition Commission of India (CCI) has approved 360 ONE group's acquisition of certain UBS AG businesses in India. This includes portfolio management services, stock broking, and financial product distribution services from Credit Suisse Securities (India). As part of this deal, UBS AG will subscribe to warrants representing 4.95% of 360 ONE WAM's paid-up share capital.
Market Reaction and Analyst Outlook
Despite the share price decline, market analysts remain optimistic about 360 One WAM's prospects:
Metric | Value |
---|---|
Analyst Recommendation | Maintain 'Buy' rating |
Projected Revenue Growth | 17.20% |
The contrast between the stock's performance and analyst sentiment suggests that investors may be taking a cautious stance in the short term, possibly due to broader market conditions or specific concerns about the integration of multiple acquisitions.
Looking Ahead
As 360 One WAM moves closer to finalizing these strategic acquisitions, investors and industry observers will be keenly watching for:
- Final regulatory approvals for all pending deals
- Integration plans and timelines for both the Credit Suisse and UBS AG businesses
- Potential synergies and their impact on revenue growth
- Any changes in the competitive landscape of the wealth management sector
The coming months will be crucial for 360 One WAM as it navigates the completion of these significant acquisitions and works towards realizing the projected growth in its operations.
Historical Stock Returns for 360 One WAM
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.05% | -5.76% | -11.24% | +5.27% | -3.84% | +324.61% |