360 ONE WAM LIMITED has informed the Exchange regarding update on intimation dated April 22, 2025, with respect to acquisition of stock broking and distribution business of Credit Suisse Securities (India) Private Limited, on a slump sale basis, by 360 ONE Distribution Services Limited, a wholly owned subsidiary of 360 ONE WAM LIMITED.In this regard, we would like to update that the necessary approval from National Stock Exchange of India is received, on Friday, July 4, 2025, for the aforesaid acquisition. Request you to take the same on your records.
360ONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
360 ONE WAM Limited has received approval from the National Stock Exchange (NSE) on July 4, 2025, for its subsidiary 360 ONE Distribution Services Limited to acquire the stock broking and distribution business of Credit Suisse Securities (India) Private Limited on a slump sale basis. This is an update to the earlier intimation made on April 22, 2025. The company is now awaiting other necessary regulatory approvals before proceeding with the payment and final completion of the business transfer agreement.
Positive progress on a previously announced acquisition; NSE clearance is a key milestone that brings the deal closer to closure, potentially expanding 360 ONE's distribution and broking capabilities. Shareholders should watch for further updates on remaining approvals and deal completion.