360 ONE WAM LIMITED has informed the Exchange that in reference to our intimation dated April 22, 2025, inter-alia with regard to the proposed acquisition of discretionary and non-discretionary portfolio management services business of Credit Suisse Securities (India) Private Limited, on a slump sale basis, by 360 ONE Portfolio Managers Limited, a wholly owned subsidiary of 360 ONE WAM LIMITED, we would like to update you that the necessary approval from the Securities and Exchange Board of India has been received on Monday, July 7, 2025, for the aforesaid acquisition.
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360 ONE WAM Limited's wholly owned subsidiary, 360 ONE Portfolio Managers Limited, has received SEBI approval for acquiring the discretionary and non-discretionary portfolio management services business of Credit Suisse Securities (India) Private Limited on a slump sale basis. The acquisition was first announced on April 22, 2025, and was pending regulatory approvals. With SEBI's nod now secured, the company will proceed to obtain remaining regulatory clearances and then execute the business transfer agreement and pay the consideration.
This is a positive development for 360 ONE WAM shareholders as it moves the company closer to expanding its portfolio management services business through the Credit Suisse India PMS franchise. The acquisition is expected to strengthen 360 ONE's wealth and asset management offerings, though final completion still depends on remaining regulatory approvals.