360 ONE WAM LIMITED has informed the Exchange about incorporation of a wholly owned subsidiary of 360 ONE Asset Management Limited, a wholly owned subsidiary of the Company for carrying out fund management business in Gujarat International Finance Tec-City GIFT City. We wish to inform you that the aforesaid step-down wholly owned subsidiary of the Company is now incorporated in the name of 360 ONE Global Asset Management (IFSC) Limited with a corporate identity number U66300GJ2025PLC171080 on December 23, 2025.
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360 ONE WAM has incorporated a new step-down wholly owned subsidiary named 360 ONE Global Asset Management (IFSC) Limited on December 23, 2025. This entity sits under 360 ONE Asset Management Limited, which itself is a wholly owned subsidiary of 360 ONE WAM. The new company (CIN: U66300GJ2025PLC171080) will carry out fund management business from GIFT City, Gujarat. GIFT City is India's International Financial Services Centre (IFSC), offering tax benefits and a regulatory framework suited for global fund management operations.
This is an internal expansion move with no direct financial impact on shareholders in the short term, but it signals the company's intent to grow its fund management footprint in a tax-efficient IFSC jurisdiction, which could support future revenue diversification.