ALPHA TRIBE

360 ONE WAM LIMITEDQIP/Rights/Pref., 27-01-2025: Preferential issue

27-01-2025 | 05:47 pm

360 ONE WAM Limited has approved several strategic actions, including the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for a total consideration of ₹1,884.13 crore, to be partly paid in cash (₹600 crore) and partly through the issuance of 1 crore equity shares at ₹1,174.13 per share. Additionally, the company plans to issue up to 33,33,333 warrants to Mr. Saahil Murarka at the same price, convertible into equity shares within 18 months. Financially, for Q3 FY25, the company reported a PAT of ₹275 crore, a 41.7% YoY increase, with a total revenue of ₹678 crore, up 45.4% YoY.

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