360 ONE WAM LIMITED has informed the Exchange about receipt of prior approval under Securities and Exchange Board of India (Research Analysts) Regulations, 2014, on Monday, May 19, 2025, for the acquisition of the entire fully paid-up equity share capital of Batlivala & Karani Securities India Private Limited ( B&K Securities ) and proposed change of control of B&K Securities to the Company.
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On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 1.2 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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360 ONE WAM Limited has received prior approval from SEBI under the Research Analysts Regulations, 2014, for its proposed acquisition of the entire fully paid-up equity share capital of Batlivala & Karani Securities India Private Limited (B&K Securities). This is an update to the company's earlier intimation dated January 27, 2025, and clears a key regulatory hurdle for the deal, including the change of control of B&K Securities to 360 ONE WAM. The deal value (referred to as 'Total Consideration') was not disclosed in this filing. The company will now proceed with paying the consideration once it receives all remaining regulatory approvals and no-objections.
This is a positive development for 360 ONE WAM shareholders as it moves the acquisition of B&K Securities, a Kolkata-based securities firm, closer to completion, expanding the company's presence in the research and broking space. The stock price reaction may be muted as the deal value remains undisclosed and completion is still pending further regulatory clearances.