360 ONE WAM Clears Incorporation of New AMC Subsidiary for GIFT City Expansion

Mumbai, November 21: 360 ONE WAM Limited has announced that the Board of Directors of its wholly owned subsidiary, 360 ONE Asset Management Limited, has approved the formation of a new subsidiary. The new subsidiary will oversee fund management operations in Gujarat International Finance Tec-City (GIFT City).

360 ONE WAM Limited (NSE: 360ONE, BSE: 542772) is one of India’s largest wealth and asset management firms. The company is a financial services provider primarily catering to the Ultra-High-Net-Worth (UHNW) and High-Net-Worth (HNW) segments, and institutional and emerging affluent clients. The company was established in 2008, and is headquartered in Mumbai, Maharashtra.

Board Approves Step-down Subsidiary

According to the filing, 360 ONE Asset Management Limited has approved the formation of a new step-down subsidiary. The new step-down subsidiary will be wholly owned by 360 ONE Asset Management Limited. The step-down subsidiary will focus only on fund management activities within the GIFT City.

Shares Rise 0.49% at ₹1,147.70

As of 11:25 AM, 360 ONE WAM share price was up by 0.49%, or 5.60 points, and was trading at ₹1,147.70. Until now, the shares have traded with a range of ₹1,145.10 and ₹1,121. The traded volume stood at 4.92 lakh shares, with the company’s market cap at ₹46.252 crore. The shares have their 52-week high at ₹1,318 and their 52-week low at ₹790.50.

Investor Takeaway

The formation of the step-down subsidiary will help 360 ONE WAM to utilise the growing opportunities that are emerging in GIFT city. It can use the global and alternative investment structures that are increasing in GIFT city for expanding its business and increasing its revenue. The establishment of a dedicated subsidiary will help simplify the company’s operational structure and help it gain more high-net-worth clients. The announcement has boosted investor sentiments, leading to a share price rise.

REF: https://nsearchives.nseindia.com/corporate/IIFLWAM_20112025180110_20251120IncorporationofAMCSubsidiaryinGIFTCitysigned.pdf

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