Clarification on news of defence and space fund raise
360ONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 0.1 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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360 ONE WAM clarified to NSE about a news article saying its asset arm raised about Rs 1,000 crore for a multi-stage defence and space fund. The company said it did not issue any press release. The 360 ONE Multistage Defence Fund is an existing AIF scheme run by its subsidiary, part of regular day-to-day business. The company stated there is no undisclosed information and material impact is nil.
Routine clarification. No new material info for the listed company. Fund activity is at AIF subsidiary level, not a corporate action for 360 ONE WAM.