360 ONE WAM LIMITED has informed the Exchange that B&K Securities has received the necessary prior approval under Securities and Exchange Board of India (Stock Brokers) Regulations 1992, on May 13, 2025, for the acquisition by the Company, of the entire fully paid-up equity share capital of Batlivala & Karani Securities India Private Limited.Upon receipt of all other necessary approval(s) and/or no objections of regulatory authority(ies), the Company will then initiate steps for discharge of the Total Consideration (as referred to in our intimation dated January 27, 2025), in accordance with the applicable laws.
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360 ONE WAM is acquiring the entire fully paid-up equity share capital of Batlivala & Karani Securities India Private Limited (B&K Securities), a stock broking firm, on a fully diluted basis. On May 13, 2025, B&K Securities received the necessary prior approval from SEBI under the Stock Brokers Regulations 1992 for the acquisition and the resulting change of control to 360 ONE WAM. The company will initiate steps to pay the Total Consideration (as disclosed in the January 27, 2025 intimation) once all other regulatory approvals and no-objections are received. The deal remains conditional on these remaining clearances before closing.
This is a key regulatory milestone clearing the path for 360 ONE WAM's acquisition of B&K Securities. Positive for shareholders as it signals progress, though the deal is still pending other regulatory nods before funds are deployed and the transaction formally closes.