360 ONE, UBS Ink Wealth Pact
ECONOMY & POLICY

360 ONE, UBS Ink Wealth Pact

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.

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.

Next Story
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?