360 ONE WAM Sets Up New Subsidiary in GIFT City

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

Parameter	Details
Subsidiary Name	360 ONE Global Asset Management (IFSC) Limited
Ownership Structure	Wholly Owned Subsidiary
Location	GIFT City
Business Focus	Asset Management Services

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.15%	0.0%	+3.78%	-5.03%	-2.24%	+360.35%

360 One WAM Limited, a prominent player in the wealth and asset management sector, has announced a strategic move to expand its fund management operations. The company's wholly-owned subsidiary, 360 ONE Asset Management Limited (AMC), has received board approval to establish a new subsidiary dedicated to fund management activities in Gujarat International Finance Tec-City (GIFT City).

Key Developments

Board Approval: The board of directors of 360 ONE Asset Management Limited has greenlit the incorporation of a new wholly-owned subsidiary.
Purpose: The new entity will focus on carrying out fund management business in GIFT City.
Corporate Structure: Upon incorporation, the new subsidiary will become a step-down wholly-owned subsidiary of 360 ONE WAM Limited.

Strategic Implications

This move signifies 360 ONE WAM's commitment to expanding its presence in India's international financial services landscape. GIFT City, being a purpose-built smart city and international financial services center, offers a unique ecosystem for financial services companies to operate in a global context while remaining within Indian jurisdiction.

Regulatory Compliance

In adherence to regulatory requirements, 360 ONE WAM has made the following disclosures:

Aspect	Detail
Intimation Under	Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional Disclosures	To be submitted upon incorporation of the new subsidiary
Disclosure Reference	Annexure 18 of SEBI Master Circular dated November 11, 2024 (SEBI/HO/CFD/PoD2/CIR/P/0155)

Market Impact

The establishment of a dedicated subsidiary for fund management in GIFT City could potentially enhance 360 ONE WAM's capabilities in offering international financial products and services. This strategic expansion may position the company to tap into new markets and diversify its fund management portfolio.

As the financial services landscape continues to evolve, 360 ONE WAM's proactive approach in establishing a presence in GIFT City demonstrates its commitment to staying at the forefront of the industry. Investors and market watchers will likely keep a close eye on the developments following this announcement, particularly regarding the types of fund management activities the new subsidiary will undertake in GIFT City.