ALPHA TRIBE

360 ONE WAM LIMITEDOthers, 27-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

27-01-2025 | 05:57 pm

360 ONE WAM Limited has had a significant board meeting where it approved the acquisition of Batlivala & Karani Securities India Pvt. Ltd. and Batlivala & Karani Finserv Pvt. Ltd. for a total consideration of ₹1,884.13 crore, comprising a mix of cash and stock. The strategic move is set to strengthen 360 ONE’s brokerage services, expanding its market influence and integrating advisory and execution capabilities. The company also reported a robust Q3 FY25, with a 41.7% YoY increase in profit after tax (PAT) to ₹275 crore and an impressive 45.4% rise in total revenues to ₹678 crore. The acquisition is contingent on obtaining necessary regulatory approvals, indicating a proactive growth strategy that could positively influence investor sentiment.

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