UBS Takes 4.8% Stake in Indian Wealth Manager 360 ONE WAM
+1 new source since this summary was written
UBS acquired an approximately 4.8% holding in Indian wealth manager 360 ONE WAM by exercising warrants and receiving shares. UBS said on October 22 that it had exercised all 20.5 million warrants issued in July 2025 and paid the remaining 75% of the exercise price. The transaction builds on the companies' April 2025 agreement under which UBS agreed to sell its Indian onshore wealth management business to 360 ONE for approximately $32 million.
Why it matters
The transaction gives UBS an equity interest in 360 ONE while extending their strategic relationship. UBS also expects to serve 360 ONE clients in Singapore, subject to regulatory approvals.
Key facts
- 1UBS obtained an approximately 4.8% equity interest in 360 ONE WAM through the exercise of warrants. cnbctv18.com
- 2UBS exercised all 20.5 million warrants issued in July 2025 and paid the remaining 75% of the exercise price. cnbctv18.com
- 3The warrants were issued on July 21, 2025, with 25% of the exercise price paid at issuance. money.rediff.com
- 4The prior agreement involved UBS selling its Indian onshore wealth management business to 360 ONE for approximately $32 million. cnbctv18.com
Open questions
- Reported assets under management figures differ: material 4 gives over Rs 9 lakh crore, while material 5 gives approximately $82 billion as of September; the materials do not establish whether the difference reflects timing or measurement.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.