360 ONE WAM and UBS Announce Strategic Wealth Management Partnership

Market Performance

As of April 22, 2025, shares of 360 ONE WAM Ltd. were trading at ₹961.75, marking a rise of 0.8%. The stock touched an intraday high of ₹977.70 and a low of ₹953.00 with a trading volume of 11,52,119 shares.

Strategic Collaboration Overview

360 ONE WAM Ltd. has entered into a strategic agreement with Switzerland-based UBS AG to enhance its presence in the wealth management sector. This collaboration merges 360 ONE's local market knowledge and distribution network with UBS's global capabilities.

Under this partnership, clients of both firms will have access to an expanded portfolio of onshore and offshore wealth management solutions. The agreement also includes exploring joint opportunities in asset management and investment banking services.

Company Details

As part of the deal structure, 360 ONE WAM will issue approximately 2.05 crore warrants to UBS AG on a preferential basis. Each warrant is priced at ₹1,030, representing a 14% premium over the three-day volume-weighted average price (VWAP) before April 17, 2025. These warrants are convertible into equity shares within 18 months from allotment.

The board of 360 ONE WAM has also approved the acquisition of UBS AG's onshore wealth management business in India through its subsidiaries. The acquisition covers stockbroking, distribution, portfolio management services, and a residual loan portfolio. As of December 31, 2024, the active assets under management (AUM) of the acquired division stood at around ₹26,000 crore. The transaction is valued at ₹307 crore.

Financial Details

Transaction Value: ₹307 crore

Active AUM of Acquired Business: ₹26,000 crore

Warrants Issued: 2.05 crore

Warrant Price: ₹1,030

Stake Through Warrants: 4.95%

Warrant Conversion Window: 18 months

Summary

360 ONE WAM has formalized a strategic partnership with UBS AG to strengthen its wealth management services in India. The agreement includes issuing equity-linked warrants to UBS and acquiring the Swiss bank's Indian onshore wealth business. Both firms aim to explore broader financial services collaborations jointly. The deal remains subject to regulatory approvals.