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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..