UBS acquires 4.8% stake in wealth manager 360 ONE WAM through warrant exercise

UBS has acquired a 4.8% stake in Mumbai-based wealth manager 360 ONE WAM after converting warrants allotted to it last year into equity shares, the company said in an exchange filing on Thursday.

The two companies announced a partnership in April last year under which UBS agreed to sell its Indian onshore wealth management business to 360 ONE for about $32 million. As part of the deal, UBS also acquired warrants representing a 4.95% stake in the Indian firm.

UBS has now exercised all 2.05 crore warrants allotted to it in July last year as part of the agreement, and paid to acquire an equivalent number of ⁠shares in the Mumbai-based wealth manager. In an exchange filing on Thursday, 360 ONE WAM said UBS paid the remaining 75% of the warrant exercise price, amounting to around Rs 1,584 crore. Following the payment, UBS was allotted 2.05 crore shares at an issue price of Rs 1,030 apiece.

Also read | 360 ONE WAM to acquire UBS India wealth biz in Rs 307 crore deal

Consequently, 360 ONE WAM’s subscribed and paid-up share capital increased from Rs 40.79 crore divided into 40.79 crore shares with a face value of Re 1 each, to Rs 42.84 crore divided into 42.84 crore shares with the same face value of Re 1 each.

360 ONE WAM share price

Shares of 360 ONE WAM gained around 1.5% to trade at Rs 1,053 apiece on the NSE on Thursday. The stock has declined around 3% over the past week and 12% so far in 2026, while falling more than 11% over the past year.

Over the longer term, however, the stock has delivered returns of more than 93% in three years and 165% in five years. The company currently has a market capitalisation of over Rs 42,586 crore.

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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
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