360 ONE WAM LIMITED — JV/Acquisition, 27-01-2025: Acquisition

360 ONE WAM Limited is set to acquire Batlivala & Karani Securities India Private Limited and Batlivala & Karani Finserv Private Limited for a total consideration of ₹1,884.13 crore. The deal involves a cash payment of ₹600.11 crore and the issuance of 1 crore equity shares at ₹1,174.13 each. This strategic move aims to enhance 360 ONE's broking platforms across various market segments and leverage B&K's renowned independent research capabilities. The acquisitions will solidify 360 ONE's position as a leading market player, broadening its service offerings to institutional, corporate, and ultra-high-net-worth clients. This acquisition is subject to regulatory approvals and is expected to be completed within 6-12 months.