Mumbai, India – Global financial services firm UBS AG has formalized its acquisition of an approximate 4.8% stake in 360 ONE WAM Ltd, a prominent Indian wealth and asset management company. The development, announced on October 22, 2026, saw 360 ONE WAM’s shares climb by approximately 1% on the stock market.
The Stakeholders Relationship Committee of 360 ONE WAM Ltd confirmed the allotment of 2,05,02,939 equity shares, each with a face value of Re 1, to UBS AG. The shares were issued at an exercise price of Rs 1,030 per share, following the conversion of all warrants previously held by UBS AG.
Details of the Warrant Conversion
UBS AG had initially subscribed to these warrants on a preferential basis on July 21, 2025, paying 25% of the exercise price at that time. The recent allotment occurred after UBS AG remitted the remaining 75% of the warrant exercise price, amounting to approximately Rs 1,583.85 crore. The total consideration for the equity shares issued upon conversion stands at approximately Rs 2,111.80 crore.
Following the news, 360 ONE WAM’s stock reached an intraday high of Rs 1,045.45, up from its previous close of Rs 1,033. This positive market reaction underscores investor confidence in the strategic investment.
Impact on Share Capital and Company Profile
The conversion has resulted in an increase in 360 ONE WAM Ltd's issued, subscribed, and paid-up share capital. It has grown from Rs 407.91 crore (comprising 40,79,14,200 equity shares) to Rs 428.42 crore (comprising 42,84,17,139 equity shares).
360 ONE WAM is recognized as one of India's leading independent wealth and asset management firms. The company manages assets worth over Rs 9 lakh crore and provides services to more than 9,000 families and corporates. Its offerings span wealth and asset management, catering to high-net-worth and ultra-high-net-worth clients with diverse investment solutions across various asset classes.