360 ONE WAM LIMITED — QIP/Rights/Pref., 27-01-2025: Preferential issue

360 ONE WAM Limited has approved the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for a total cost of ₹1,884.13 crore. This amount includes ₹600 crore in cash and 1 crore equity shares priced at ₹1,174.13 per share, which will be issued for consideration other than cash. The acquisition aims to enhance 360 ONE’s capabilities in client service and expand its market presence, leveraging B&K's strong position in institutional equity broking and research. Regulatory approvals are pending, with an expected completion timeframe of 6 to 12 months. The company also reported a 41.7% YoY rise in PAT to ₹275 crore for Q3 FY25, alongside total revenues of ₹678 crore, marking a 45.4% YoY increase.