Alpha Tribe

360 ONE WAM LIMITEDImportant, 04-04-2025: Updates

04-04-2025 · 04:49 pm

360 One WAM Limited is progressing with the issuance of warrants on a preferential basis, following the Extraordinary General Meeting. The company is in the process of securing in-principle approvals from both BSE and NSE for this initiative. The funds raised from the preferential issue will be directed towards the objectives outlined in the Notice of the EGM. Until these funds are allocated for their intended purpose, they will be temporarily invested in money market mutual funds and bank deposits. This strategic decision is likely to enhance liquidity management and provide flexibility in capital deployment, reflecting a pragmatic approach to fund utilization. Investors should watch closely for the impacts of this issuance on the company's financial positioning and growth trajectory.

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