360 ONE, UBS Ink Wealth Pact

23 Apr 2025 CW Team

Shares of 360 ONE WAM Ltd. rose on April 22 after the wealth and asset management firm announced an exclusive strategic collaboration with international banking giant UBS.

In a filing with the stock exchanges, 360 ONE stated, “This exclusive strategic collaboration combines 360 ONE’s local knowledge and reach with UBS’s global and regional expertise to deliver enhanced benefits to clients.”

Under the partnership, clients from both institutions will gain access to a suite of onshore and offshore wealth management solutions. The firms will also explore joint opportunities in asset management products and investment banking services.

As part of the arrangement, 360 ONE will issue 20.5 million warrants to UBS AG on a preferential basis at Rs 1,030 per warrant—a 14% premium over the three-day VWAP prior to April 17, 2025. These warrants can be converted into equity shares within 18 months, effectively giving UBS a 4.95% stake in the Indian firm.

Further strengthening the partnership, 360 ONE’s subsidiaries will acquire UBS AG affiliates’ India Wealth Business. This includes stock broking, distribution, portfolio management services, and the residual loan portfolio of wealth clients.

The assets under management (AUM) of the acquired UBS India wealth unit stood at around Rs 260 billion (approx. $3.1 billion) as of December 31, 2024. The acquisition deal is valued at Rs 3.07 billion (approx. $36.8 million).

“This is a first step towards a powerful collaboration,” said the firm, adding that a joint committee led by senior leadership from both institutions will oversee growth initiatives.

The collaboration signals UBS’s commitment to the fast-expanding ultra and high-net-worth market in India and gives 360 ONE access to global expertise and clientele. The transaction is subject to regulatory approvals.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..