Synopsis:
The shares of 360 One Wam are in focus after the company announced that it has received clearance from the Competition Commission of India for the acquisition of select businesses of UBS AG.
The shares of one of the largest private wealth management firms in India are in focus after the CCI has approved the acquisition of select businesses of UBS AG. In this article, we will dive deep into the details.
With a market capitalization of Rs 48,806 crores, the shares of 360 One Wam Ltd are currently trading at Rs 1,207 per share, down by 8.37 percent from its 52-week high of Rs 1,317.25 per share. In the last one year, the stock has delivered a return of 21 percent.
The company, through a stock exchange filing, announced that it has received approval from the Competition Commission of India (CCI) for its group’s proposal to acquire certain businesses of Switzerland-based investment bank UBS AG.
UBS AG is moving parts of its India business to 360 ONE group companies as part of a partnership. This includes the portfolio management business of Credit Suisse India, which is a UBS subsidiary, transferring to 360 ONE Portfolio Managers.
Stockbroking and distribution services will go to 360 ONE Distribution. Also, 360 ONE Prime will take over a loan portfolio from UBS Finance India. Under the deal, UBS will buy warrants for a 4.95 percent stake in 360 ONE WAM. Warrants are financial instruments that give the holder the right (but not the obligation) to buy a company’s shares at a fixed price at a later date.
Financial Highlights
The company reported a revenue of Rs 3,295 crores in FY25, up by 12.81 percent from its FY24 revenue of Rs 2,921 crores. Additionally, the company reported a net profit increase of 26.24 percent to Rs 1,015 crore in FY25 from Rs 804 crore in FY24.
The stock delivered an ROE and ROCE of 20.57 percent and 14.91 percent respectively, and is currently trading at a P/E of 45.15x as compared to its industry average of 16.24x.
360 ONE WAM Limited, which used to be known as IIFL Wealth Management, is a financial services company in India that provides wealth and asset management services.
It assists clients such as professionals, business owners, and family offices in managing their money. The company offers advice, sells financial products, manages investments, and provides lending services. Additionally, it manages mutual funds, portfolio services, and alternative investment funds through its asset management division.
Written by Satyajeet Mukherjee
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