360 ONE WAM , a prominent player in the wealth and asset management sector, experienced significant market activity on Tuesday as its shares witnessed a substantial block deal and subsequent price decline.

Block Deal Details

A massive block trade was executed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), involving approximately 16.65 million shares of 360 ONE WAM. The transaction was carried out at a price of ₹1,163.50 per share, amounting to a total value of ₹1,937.23 crore.

Share Price Impact

Following the block deal, 360 ONE WAM's stock price took a hit, declining by over 6%. The shares were trading at ₹1,146.30, marking a significant drop from the previous close. This decline contributes to the stock's year-to-date performance, which now stands at a 10.20% decrease.

Potential Seller and Transaction Specifics

Market sources suggest that Bain Capital-led BC Asia Investments X Ltd. is likely the seller in this transaction. The deal is believed to represent about 4% of the company's equity. It's worth noting that BC Asia Investments held a 21.90% stake in 360 ONE WAM at the end of the June quarter.

Lock-up Period and Deal Arrangement

Following this transaction, BC Asia Investments will reportedly be subject to a 120-day lock-up period. The deal is being arranged by JPMorgan, a leading global financial services firm.

Historical Context

This transaction follows a significant ownership change in 2022 when BC Asia Investments acquired up to a 24.98% stake in 360 ONE WAM from General Atlantic Singapore Fund.

Recent Corporate Action

In a separate development, as per the company's recent LODR (Listing Obligations and Disclosure Requirements) filing, 360 ONE WAM has approved the allotment of 2,05,02,939 warrants on a preferential basis. These warrants, priced at ₹1,030.00 each, have been issued to UBS AG for a total consideration of ₹527.95 crore (25% of the warrant exercise price). This move indicates the company's ongoing efforts to raise capital and potentially expand its operations.

The recent block deal and share price movement highlight the dynamic nature of 360 ONE WAM's stock and underscore the importance of monitoring significant ownership changes in the market. Investors and market watchers will likely keep a close eye on any further developments related to the company's ownership structure and strategic initiatives.

360 ONE WAM Limited , a prominent player in the wealth and asset management sector, experienced significant market activity on Tuesday, July 22, as a large block trade sent ripples through the stock market.

Block Trade Details

A substantial block deal involving approximately 1.9 crore shares of 360 ONE WAM was executed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The transaction was valued at an impressive ₹2,273.00 crore, with shares changing hands at ₹1,160.00 per share.

Stock Performance

Following the news of the block deal, 360 ONE WAM's stock price reacted sharply:

• The share price declined by over 6%
• At the time of reporting, the stock was trading at ₹1,146.30, down 6.13%
• Year-to-date, the stock has seen a decline of 10.20%

Potential Seller and Implications

Market sources suggest that Bain Capital-led BC Asia Investments X Ltd. is likely the seller in this transaction. The block trade represents approximately 4% of the company's equity. Key points to note:

• BC Asia Investments held a 21.90% stake in 360 ONE WAM at the end of the June quarter
• Following this transaction, BC Asia Investments will be subject to a 120-day lock-up period
• JPMorgan is reportedly arranging the deal

Historical Context

It's worth noting that BC Asia Investments had previously acquired up to a 24.98% stake in 360 ONE WAM from General Atlantic Singapore Fund in 2022. This recent block trade appears to be a partial divestment of that position.

Market Impact

The large-scale transaction has clearly impacted market sentiment towards 360 ONE WAM shares. Investors and market analysts will be closely watching for any further developments or statements from the company regarding this significant change in shareholding.

As the dust settles on this major block trade, the focus will likely shift to how 360 ONE WAM's management navigates the changing shareholder landscape and what it might mean for the company's strategic direction going forward.