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
whatsapptwittershare
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.

12506705

*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
-0.03%-4.13%+9.83%+8.35%+23.26%+404.27%
360 One WAM
View in Depthredirect
like18
dislike

360 ONE WAM Secures Crucial Approval for B&K Securities Acquisition

1 min read     Updated on 13 May 2025, 08:46 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

360 ONE WAM has obtained prior approval for its acquisition of B&K Securities, marking a significant step in its strategic expansion. This regulatory clearance paves the way for the potential finalization of the deal, which could strengthen 360 ONE WAM's position in the financial services sector. While this approval is crucial, additional conditions and approvals may still be necessary before the acquisition can be completed.

8695022

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

360 ONE WAM , a prominent player in the wealth and asset management sector, has reached a significant milestone in its strategic expansion plans. The company recently announced that it has obtained the necessary prior approval for its acquisition of B&K Securities, marking a crucial step forward in the deal's progression.

Key Highlights

  • Regulatory Approval: B&K Securities has received the required prior approval for the acquisition deal with 360 ONE WAM.
  • Strategic Move: This development paves the way for 360 ONE WAM to potentially finalize the purchase of B&K Securities.
  • Industry Impact: The acquisition could strengthen 360 ONE WAM's position in the financial services sector.

Implications of the Approval

The receipt of this key approval signifies that regulatory bodies have given their initial nod to the proposed acquisition. This is often a critical hurdle in such transactions, and its clearance suggests that the deal has met the necessary regulatory standards and requirements.

Next Steps

While this approval is a significant step, it's important to note that it doesn't necessarily guarantee the completion of the deal. 360 ONE WAM and B&K Securities will likely need to fulfill additional conditions and possibly secure further approvals before the acquisition can be finalized.

Market Outlook

The potential acquisition of B&K Securities by 360 ONE WAM could have notable implications for both companies and the broader financial services landscape. B&K Securities, known for its presence in the securities market, could bring valuable expertise and resources to 360 ONE WAM's existing portfolio of services.

As the deal progresses, market participants will be keenly watching for any further announcements regarding the terms of the acquisition, integration plans, and potential synergies between the two entities.

Industry Trends

360 ONE WAM's move to acquire B&K Securities aligns with the ongoing trend of consolidation in the financial services sector. Companies are seeking to expand their service offerings and strengthen their market positions through strategic acquisitions.

Future Prospects

Investors and industry observers will be closely monitoring the developments of this deal and its potential impact on 360 ONE WAM's future growth trajectory and market competitiveness.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
-0.03%-4.13%+9.83%+8.35%+23.26%+404.27%
360 One WAM
View in Depthredirect
like18
dislike
More News on 360 One WAM
Explore Other Articles
Rajoo Engineers Reports Robust Q1 Performance with Significant Revenue and Profit Growth 4 hours ago
TGV SRAAC Expands Solar Capacity with New 40 MW Plant Approval 2 hours ago
Vishnu Prakash R Punglia Secures ₹77.9 Crore Road Construction Contract in Jaipur Amid Credit Rating Downgrade 4 hours ago
Apeejay Surrendra Park Hotels Signs MoU for 4 New Properties in Goa and Himachal Pradesh 6 hours ago
1,194.00
-0.40
(-0.03%)