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.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..