CCI Clears 360 ONE's Acquisition of UBS India Businesses

10 Jul 2025 CW Team

India’s fair trade watchdog, the Competition Commission of India (CCI), has approved 360 ONE Group’s proposal to acquire select businesses of Switzerland-based investment bank UBS AG.

As per the announcement, 360 ONE Portfolio Managers Ltd will acquire the portfolio management services business of Credit Suisse Securities (India) Pvt Ltd, while 360 ONE Distribution Services Ltd will take over its stock broking and financial product distribution services. Credit Suisse Securities (India) is a step-down wholly owned subsidiary of UBS AG.

Additionally, 360 ONE Prime Ltd will acquire a loan portfolio from UBS Finance India Pvt Ltd, a systemically important non-deposit taking non-banking financial company (NBFC).

The CCI has also cleared UBS AG’s subscription to warrants representing a 4.95 per cent stake in 360 ONE WAM’s paid-up share capital.

This approval follows the announcement in April that UBS AG and 360 ONE WAM had entered into an exclusive strategic collaboration, under which UBS agreed to transfer its onshore wealth management operations in India to 360 ONE. UBS’s acquisition of the warrants forms part of this broader partnership.

Akhil Gupta, Chairman of 360 ONE WAM, stated that the collaboration will enable clients to access global, tailored, and sophisticated wealth management services, while delivering value to employees and shareholders.

Acquisitions exceeding specified financial thresholds require approval from the CCI, which monitors market competitiveness and ensures the prevention of unfair trade practices.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..