Shares of 360 ONE WAM Ltd (formerly IIFL Wealth) are expected to remain in focus in today’s trading session after the company announced a significant strategic deal with global financial services giant UBS AG.
The company, in a filing on Monday, said it will acquire UBS’s domestic wealth management and broking business for a total consideration of ₹307 crore. The deal also includes a preferential investment of ₹2,112 crore by UBS through warrant issuance, potentially giving it a 4.95% stake in 360 ONE WAM post-conversion.
The market will be closely watching investor sentiment around the deal, especially as it positions 360 ONE WAM to scale its operations and client reach in India’s high-net-worth wealth management space. The transaction adds around ₹26,000 crore in assets under management, further strengthening the firm’s position in the market.
Stock performance on April 21, 2025 (Yesterday)
Ahead of the announcement, shares of 360 ONE WAM ended lower by 0.82% at ₹949.00 apiece on the NSE on April 21, 2025. The stock had hit an intraday high of ₹978.65 around 11:05 AM, before witnessing a gradual decline in the second half of the session. The stock closed below its previous day’s level of ₹956.80.
With today’s market yet to open, investor reaction to the acquisition and UBS investment will be keenly observed.
Analysts expect the deal to be strategically accretive in the long run, though short-term price action may depend on how the market digests the size, execution, and integration of UBS’s Indian operations.
Disclaimer: The above article is for informational purposes only. Please consult a financial advisor before making any investment decisions. Stock prices and valuations are subject to market risks.
