UBS acquires 4.8% stake in wealth manager 360 ONE WAM through warrant exercise
UBS has acquired a 4.8% stake in 360 ONE WAM by exercising 2.05 crore warrants and paying around Rs 1,584 crore. The transaction follows a partnership announced in April 2025, under which UBS agreed to sell its Indian onshore wealth management business to the Mumbai-based firm for about $32 million.
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.
