+
CCI Clears 360 ONE's Acquisition of UBS India Businesses
ECONOMY & POLICY

CCI Clears 360 ONE's Acquisition of UBS India Businesses

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.

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. 

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?