360 ONE WAM LIMITED has informed the Exchange that 360 ONE Asset Management Limited (AMC), a wholly owned subsidiary of the Company, has received No Objection letter from SEBI on May 21, 2026, to undertake activities permitted under Regulation 21(b) of the SEBI (Mutual Funds) Regulations, 2026 through 360 ONE Global Asset Management (IFSC) Limited (GAM), a wholly owned subsidiary of AMC, in Gujarat International Finance Tec-City (GIFT City).
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360 ONE Asset Management Limited (AMC), a wholly owned subsidiary of 360 ONE WAM, has received a No Objection letter from SEBI dated May 21, 2026. This approval permits AMC to conduct portfolio management and advisory activities through its subsidiary 360 ONE Global Asset Management (GAM) in GIFT City, Gujarat. The permitted activities include management and advisory services for pooled assets such as offshore funds, insurance funds, pension funds, and portfolio management services for non-broad based funds under SEBI (Mutual Funds) Regulations, 2026. AMC will infuse required capital into GAM and obtain final registration from IFSCA before commencing operations.
This regulatory approval enables 360 ONE to expand into GIFT City's international financial services hub, potentially opening new revenue streams through fund management and advisory services for institutional and offshore clients.