360 ONE WAM LIMITED has informed the Exchange about update with respect to intimation to stock exchanges dated April 22, 2025
360ONE · price
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Awaiting price reaction for this filing.
360 ONE WAM has announced the completion of the Transfer and Assignment Agreement (TAA) originally signed on April 22, 2025, between UBS Finance India Private Limited, its wholly owned subsidiary 360 ONE Prime Limited, and UBS AG. The deal, which received amendments on August 13, 2025, has now been formally consummated on August 18, 2025, after securing all required regulatory approvals and meeting the conditions in the agreement. This effectively transfers UBS's India-based finance/wealth business to 360 ONE's wealth management arm. The acquisition strengthens 360 ONE Prime's position in the domestic wealth management space by absorbing a global bank's client book and operations in India.
This is a positive strategic milestone — it completes a high-profile acquisition that should expand 360 ONE's wealth management AUM and client base, potentially boosting future revenue. The market had likely already priced in the deal, so expect limited immediate price reaction but improved long-term growth visibility.