+
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
Infrastructure Urban

Companies in GIFT City IFSC Cross 400 Mark

As of July 31, 2025, a total of 409 companies are operating in the Gujarat International Finance Tec City – International Financial Services Centre (GIFT IFSC), Finance Minister Nirmala Sitharaman informed Parliament.In a written reply in the Lok Sabha, she highlighted that the number of firms in GIFT IFSC has grown nearly fivefold in less than five years — from 82 on October 1, 2020, to 409 by July 2025.The centre now hosts a wide range of entities, including those in banking, asset management, and allied services, alongside other financial segments.To support GIFT IFSC’s growth, the go..

Next Story
Infrastructure Urban

GMDA to Prepare Fresh DPR for Naurangpur Sewage Treatment Plant

The Gurugram Metropolitan Development Authority (GMDA) will prepare a fresh detailed project report (DPR) for the proposed 40 million litres per day (MLD) sewage treatment plant (STP) at Naurangpur. The move comes after it was found that a high-tension power line and a 24-metre-wide road pass through the site allocated for the project, requiring a revised plan.According to officials, the original 3.65-acre land parcel transferred from the Municipal Corporation of Manesar (MCM) was reduced to 2.89 acres following the road development. The presence of the power line further divided the land into..

Next Story
Infrastructure Transport

PM Inaugurates Bihar Highway and New Ganga Bridge

Prime Minister Narendra Modi will inaugurate a key highway project on Friday, connecting Aunta (Mokama) and Simaria (Begusarai), featuring a newly built 1.865-km bridge across the Ganga.The project establishes direct road connectivity between Mokama in Patna district and Begusarai. The bridge has been constructed parallel to the old two-lane rail-cum-road Rajendra Setu, which is currently under repair and restricts heavy vehicle movement.The new bridge will allow heavy vehicles to avoid a detour of nearly 100 km while travelling between north Bihar districts such as Begusarai, Supaul, Madhuban..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?