360 ONE WAM LIMITED has informed the Exchange about execution of Business Transfer Agreement between 360 ONE Portfolio Managers Limited, a wholly owned subsidiary of the Company, Credit Suisse Securities (India) Private Limited and UBS AG, for acquisition of entire business undertaking of discretionary and non-discretionary portfolio management services business
360ONE · price
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360 ONE WAM's wholly owned subsidiary, 360 ONE Portfolio Managers Limited, has signed a Business Transfer Agreement with Credit Suisse Securities (India) Private Limited and UBS AG. Under this deal, the subsidiary will acquire the entire business undertaking covering discretionary and non-discretionary portfolio management services from these two sellers. The transaction is a bolt-on acquisition designed to expand 360 ONE WAM's wealth and portfolio management capabilities. Financial terms, deal valuation, and expected closing timeline have not been disclosed in this filing.
This is a strategic, capability-building acquisition that should strengthen 360 ONE WAM's PMS franchise by adding clients and AUM from two global financial heavyweights. Near-term impact on stock is likely neutral pending disclosure of deal size and integration costs, but it supports the company's growth ambitions in the wealth management space.