ALPHA TRIBE

360 ONE WAM LIMITEDBoard Meeting, 22-04-2025: Outcome of Board Meeting

22-04-2025 | 07:58 am

360 ONE WAM LIMITED's Board has approved a strategic collaboration with UBS AG to enhance wealth management services for domestic and global clients. This includes issuing 20,502,939 warrants at ₹1,030 per warrant, convertible into equity shares within 18 months, subject to shareholder approval. Additionally, the Board noted the acquisition of UBS's Indian wealth management business by the company's subsidiaries for ₹307 crores, including stock broking and portfolio management services. The acquisition is expected to be completed in approximately six months, contingent upon regulatory approvals.

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