360 ONE WAM Secures SEBI Approval for B&K Securities Acquisition and Acquires UBS's India Wealth Business
360 ONE WAM has received SEBI approval for acquiring B&K Securities and announced the acquisition of UBS AG's onshore India wealth business for Rs 307 crore. The company will acquire B&K Securities' entire equity share capital, pending other regulatory approvals. The UBS deal includes stock broking, distribution, and portfolio management services, with UBS acquiring a 4.95% stake in 360 ONE through warrants. These acquisitions aim to strengthen 360 ONE WAM's position in financial services and expand its market reach.
21Apr 25
360 ONE WAM Ltd. Sets Date for Q4 Results, Considers Interim Dividend and Fundraising
360 ONE WAM Ltd. has scheduled important financial events for April 23, 2025. The company will announce Q4 and FY25 results, consider declaring the first interim dividend for FY 2025-26, and may approve a fundraising of up to Rs 250.00 crore. An earnings call is scheduled for 5:30 p.m. on the same day to discuss the results and address investor questions.
16Apr 25
360 ONE WAM to Consider Equity Shares and Warrants Issuance in Upcoming Board Meeting
360 ONE WAM Limited has scheduled a board meeting for April 22, 2025, to discuss a potential capital raise through the issuance of equity shares and/or warrants via preferential issue. The board will consider approving a notice for a general meeting or postal ballot to obtain shareholders' approval. The proposed issuance is subject to regulatory and statutory approvals, including SEBI regulations and the Companies Act, 2013.
15Apr 25
CCI Approves Multi-Entity Acquisition in SNV Aviation Private Limited
The Competition Commission of India (CCI) has approved the acquisition of shares in SNV Aviation Private Limited by multiple entities, including PI Opportunities Fund-I Scheme-II, executives of PIOF, Claypond Capital Partners Pvt. Ltd., and 360 ONE Private Equity Fund. This acquisition could lead to capital infusion and strategic expertise for SNV Aviation, potentially strengthening its market position in the aviation sector. The CCI approval ensures compliance with competition laws, though specific shareholding percentages and financial details remain undisclosed.
11Apr 25
360 ONE WAM to Consider Fund Raising of Up to 250 Crore Rupees via Debt Securities
360 ONE WAM Limited has scheduled a board meeting for April 23, 2025, to discuss potential fund-raising of up to 250 crore rupees through non-convertible debt securities. The meeting will also review financial results for the quarter and year ended March 31, 2025, and consider declaring an interim dividend. An earnings call is planned for the same day to discuss the company's performance.
04Apr 25
360 One WAM Ltd Faces Exodus of Senior Executives from International Team
360 One WAM Ltd is experiencing a significant shake-up in its international operations. Vikram Malhotra, head of 360 One Global, along with ten other private bankers and investment counsellors in Singapore and Dubai, have resigned. This follows recent departures of heads of Delhi and Bangalore teams in India. The mass exodus, particularly from the global unit established less than two years ago, raises concerns about the company's international ambitions and overall leadership stability.
01Apr 25
CCI Approves 360 ONE WAM and Claypond Capital's Stake Acquisition in API Holdings
The Competition Commission of India (CCI) has approved the acquisition of Compulsorily Convertible Preference Shares B (CCPS B) of API Holdings by 360 ONE WAM and Claypond Capital. This decision could potentially reshape API Holdings' ownership structure and impact its future strategic direction in the pharmaceutical and healthcare sector. While financial details remain undisclosed, the market will be watching for any changes in API Holdings' business strategy resulting from this new investment.
24Mar 25
360 One Wam Stock Surges 5.43% as Promoter Nirmal Jain Offloads Stake
360 One Wam's stock price increased by 5.43% following a 0.38% stake sale by promoter Nirmal Jain for ₹39.29 crore. The company reported strong Q3 FY25 results with net profit up 43.90% to ₹276.50 crore and revenue up 20.60% to ₹759.80 crore. Assets Under Management reached ₹5.80 lakh crore, indicating significant growth in the wealth management sector.
21Mar 25
360 ONE WAM Joins FTSE All World Index, Anticipates $25.6 Million Inflow
360 ONE WAM Limited has been included in the FTSE All World Index, potentially attracting $25.60 million in foreign investment. The company also allotted 147,478 equity shares under its Employee Stock Options Scheme, increasing its total share capital to 39,30,73,939 shares.
17Mar 25
UBS Eyes Stake in 360 ONE, Signaling Interest in Indian Wealth Management Market
Swiss banking giant UBS is reportedly considering acquiring shares in 360 ONE, one of India's largest wealth management companies. This move signals UBS's interest in expanding into India's rapidly growing wealth management sector. The potential acquisition could lead to market expansion for UBS and expertise exchange between the two firms. It may also indicate a trend towards consolidation in the Indian wealth management industry. However, neither company has officially confirmed the discussions yet.