360 ONE WAM LIMITED has informed the Exchange about Acquisition of entire business undertaking of discretionary and non-discretionary portfolio management services business of Credit Suisse Securities (India) Private Limited by wholly owned subsidiary of the Company- 360 ONE Portfolio Managers Limited
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Awaiting price reaction for this filing.
360 ONE WAM Limited, through its wholly owned subsidiary 360 ONE Portfolio Managers Limited, is acquiring the entire portfolio management services (PMS) business — both discretionary and non-discretionary — of Credit Suisse Securities (India) Private Limited. This move expands 360 ONE's wealth and asset management footprint by absorbing Credit Suisse's India-based PMS clients and operations. The acquisition is a bolt-on deal in 360 ONE's core wealth management segment. No financial details, deal value, or timelines have been disclosed in this filing.
Strengthens 360 ONE's PMS business and AUM base, potentially adding Credit Suisse's HNI client book. Near-term positive for the stock; financial impact depends on deal valuation and AUM accretion, which are yet to be shared.