360 One WAM Shares Dip 5.32% Despite SEBI Nod for Credit Suisse India PMS Acquisition

1 min read     Updated on 08 Jul 2025, 02:06 PM
scanxBy ScanX News Team
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Overview

360 One WAM's share price fell 5.32% to Rs 1,174.00, despite receiving SEBI approval for its subsidiary to acquire Credit Suisse India's Portfolio Management Services business. The acquisition, aimed at expanding 360 One WAM's wealth management footprint, still awaits final regulatory clearances. Despite the stock decline, analysts maintain a 'Buy' rating with a projected revenue growth of 17.20%. The market reaction suggests short-term caution among investors, possibly due to broader market conditions or integration concerns.

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*this image is generated using AI for illustrative purposes only.

360 One WAM , a prominent player in the wealth and asset management sector, experienced a significant drop in its share price despite receiving a key regulatory approval. The company's stock fell 5.32% to Rs 1,174.00, 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.

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 acquisition's integration.

Looking Ahead

As 360 One WAM moves closer to finalizing the acquisition of Credit Suisse India's PMS business, investors and industry observers will be keenly watching for:

  1. Final regulatory approvals
  2. Integration plans and timelines
  3. Potential synergies and their impact on revenue growth
  4. 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 this significant acquisition and works towards realizing the projected growth in its operations.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
-2.60%+3.82%+14.53%+3.79%+24.35%+394.73%
360 One WAM
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Capital Group Boosts Stake in 360 One WAM to 12.11%; Subsidiary Faces Penalty

1 min read     Updated on 26 Jun 2025, 11:35 PM
scanxBy ScanX News Team
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Overview

Capital Group, through New World Fund Inc., has increased its stake in 360 One WAM Ltd. to 12.11% with a 0.52% acquisition worth Rs 245.00 crore. Separately, a subsidiary of 360 One WAM has been fined Rs 25.00 lakh by MCXCCL for alleged false reporting of excess collateral.

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*this image is generated using AI for illustrative purposes only.

360 One WAM Ltd. , a prominent player in the wealth and asset management sector, has seen significant developments in its ownership structure and regulatory compliance.

Capital Group Increases Stake

Capital Group, through its affiliate New World Fund Inc., has made a substantial investment in 360 One WAM Ltd. The global investment management firm acquired a 0.52% stake in the company for approximately Rs 245.00 crore. This recent acquisition has bolstered Capital Group's total holding in 360 One WAM to 12.11%, signifying a strong vote of confidence in the company's prospects and management.

Regulatory Challenge for Subsidiary

In a separate development, a subsidiary of 360 One WAM Ltd. has encountered regulatory issues. The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) has imposed a penalty of Rs 25.00 lakh on the subsidiary. The penalty stems from allegations of false reporting of excess collateral, raising concerns about the subsidiary's compliance practices.

Implications and Outlook

The increased stake by Capital Group could be seen as a positive signal for 360 One WAM Ltd., potentially indicating the global investment firm's long-term commitment to the company. However, the regulatory penalty faced by its subsidiary underscores the importance of maintaining strict compliance standards in the financial services sector.

As 360 One WAM Ltd. navigates these developments, stakeholders will likely be watching closely to see how the company addresses the compliance issues while capitalizing on the increased investment from Capital Group.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
-2.60%+3.82%+14.53%+3.79%+24.35%+394.73%
360 One WAM
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