UBS raises its stake in India's 360 ONE WAM to about 4.8% via warrants
Reuters reports UBS bought an approximately 4.8% stake in Mumbai-based wealth manager 360 ONE WAM by converting 20.5 million warrants into shares.
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what happened
Swiss bank UBS said on Thursday that it had acquired about 4.8% of 360 ONE WAM, a wealth manager based in Mumbai, after converting warrants into shares. According to UBS, it exercised all 20.5 million warrants allotted to it in July 2025 and paid the remaining 75% of the exercise price.
The move, UBS said, is another step in the two companies' strategic partnership in wealth management.
why it matters
The deal is modest in scale and mainly relevant to shareholders of the two firms and to investors tracking Indian wealth managers. It does not change the broader market picture, but it underlines the ongoing tie-up between UBS and India's growing wealth management sector.
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sources
- UBS- UBS Acquires Approx 4.8% Equity Stake In 360 ONE WAM Upon Conversion Of Warrants — Reuters, 22 October 2026 at 06:32 UTC
- UBS acquires 4.8% stake in India's 360 ONE WAM after warrant conversion — Reuters, 22 October 2026 at 06:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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