CCI Approves UBS–360 ONE Deal for PMS and Lending Assets

10 Jul 2025 CW Team

CCI Approves 360 ONE’s Acquisition of UBS India Businesses

Transaction Includes PMS, Lending Assets, and Equity Stake

Date: 08 July 2025 | Source: PIB Delhi

The Competition Commission of India (CCI) has approved the acquisition of specific Indian businesses of UBS AG and its affiliates by 360 ONE Group entities, in a multi-tiered transaction that further expands 360 ONE’s financial services footprint.

The deal involves the following:

19. 360 ONE Portfolio Managers Ltd (360 Portfolio) acquiring the Portfolio Management Services (PMS) business of Credit Suisse Securities (India) Pvt Ltd

20. 360 ONE Distribution Services Ltd (360 Distribution) acquiring stockbroking and financial product distribution services of Credit Suisse Securities

21. 360 ONE Prime Ltd (360 Prime) acquiring the lending and financing loan portfolio of UBS Finance India Pvt Ltd, a systemically important non-deposit taking NBFC

22. UBS AG subscribing to warrants worth ~4.95 per cent of the paid-up share capital of 360 ONE WAM Ltd (360 OWL)

Entities Involved

UBS AG, a fully owned subsidiary of Switzerland-based UBS Group AG, is a leading global investment bank and financial services provider. UBS operates in over 50 countries, with expertise spanning wealth management, investment banking, and asset management.

360 ONE WAM Ltd (360 OWL) is the parent company of the 360 ONE Group, a leading wealth and asset management firm in India serving high-net-worth and institutional clients.

1. 360 Prime provides loans against securities and property

2. 360 Portfolio offers asset and fund management services, including Alternative Investment Funds (AIFs) and PMS

3. 360 Distribution distributes financial products and is registered with SEBI as a stockbroker and depository participant, and with AMFI as a distributor

The proposed combination is set to deepen 360 ONE's presence in India’s high-growth financial services landscape, enhancing its portfolio with offerings previously managed by Credit Suisse and UBS Finance.

A detailed order from the Commission will follow in due course.

Release ID: 2143207

Prepared by: NB / AD

CCI Approves 360 ONE’s Acquisition of UBS India BusinessesTransaction Includes PMS, Lending Assets, and Equity StakeDate: 08 July 2025 | Source: PIB DelhiThe Competition Commission of India (CCI) has approved the acquisition of specific Indian businesses of UBS AG and its affiliates by 360 ONE Group entities, in a multi-tiered transaction that further expands 360 ONE’s financial services footprint.The deal involves the following:19. 360 ONE Portfolio Managers Ltd (360 Portfolio) acquiring the Portfolio Management Services (PMS) business of Credit Suisse Securities (India) Pvt Ltd20. 360 ONE Distribution Services Ltd (360 Distribution) acquiring stockbroking and financial product distribution services of Credit Suisse Securities21. 360 ONE Prime Ltd (360 Prime) acquiring the lending and financing loan portfolio of UBS Finance India Pvt Ltd, a systemically important non-deposit taking NBFC22. UBS AG subscribing to warrants worth ~4.95 per cent of the paid-up share capital of 360 ONE WAM Ltd (360 OWL)Entities InvolvedUBS AG, a fully owned subsidiary of Switzerland-based UBS Group AG, is a leading global investment bank and financial services provider. UBS operates in over 50 countries, with expertise spanning wealth management, investment banking, and asset management.360 ONE WAM Ltd (360 OWL) is the parent company of the 360 ONE Group, a leading wealth and asset management firm in India serving high-net-worth and institutional clients.1. 360 Prime provides loans against securities and property2. 360 Portfolio offers asset and fund management services, including Alternative Investment Funds (AIFs) and PMS3. 360 Distribution distributes financial products and is registered with SEBI as a stockbroker and depository participant, and with AMFI as a distributorThe proposed combination is set to deepen 360 ONE's presence in India’s high-growth financial services landscape, enhancing its portfolio with offerings previously managed by Credit Suisse and UBS Finance.A detailed order from the Commission will follow in due course.Release ID: 2143207Prepared by: NB / AD

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