360 ONE WAM LIMITED has informed the Exchange about Acquisition of entire loan portfolio of wealth management clients of UBS Finance India Private Limited by wholly owned subsidiary of the Company- 360 ONE Prime Limited.
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360 ONE WAM Limited, through its wholly owned subsidiary 360 ONE Prime Limited, is acquiring the entire loan portfolio of wealth management clients from UBS Finance India Private Limited. The acquisition will be done by the subsidiary, which will integrate this loan book into its existing lending operations. Financial details such as deal value, loan book size, and transaction structure have not been disclosed in the filing. The move is aimed at expanding 360 ONE Prime's wealth-backed lending business by absorbing UBS Finance's existing client loans.
This acquisition strengthens 360 ONE's lending franchise by adding a curated set of wealth management client loans, potentially boosting interest income and AUM for the subsidiary. For shareholders, it signals strategic expansion into the wealth lending space, though the absence of deal valuation limits immediate assessment of accretion or dilution.