CCI approves acquisition of certain businesses of UBS by 360 ONE group
This story was originally published at 18:53 IST on 8 July 2025
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--CCI approves acquisition of certain businesses of UBS by 360 ONE
NEW DELHI – The Competition Commission of India has approved the acquisition of certain businesses of UBS AG by the 360 ONE group and the Swiss investment bank subscribing to warrants of 360 ONE WAM Ltd., amounting to 4.95% of the paid-up share capital, the anti-trust watchdog said Tuesday.
The transaction includes the acquisition of Credit Suisse Securities (India) Pvt. Ltd.'s portfolio management services by 360 ONE Portfolio Managers Ltd. and the stock broking services and financial product distribution services by 360 ONE Distribution Services Ltd., as per a CCI document.
UBS Finance India Pvt. Ltd. will also transfer its entire loan portfolio, part of its lending and financing business, to 360 ONE Prime Ltd.
360 ONE WAM and UBS had entered into a strategic partnership in April to collaborate on wealth management services.
On Monday, 360 ONE WAM said its wholly owned subsidiary 360 ONE Portfolio Managers received approval from the Securities and Exchange Board of India to acquire Credit Suisse Securities's portfolio management services business on a slump sale basis.
For the quarter ended March, 360 ONE WAM had reported a consolidated net profit of INR 2.50 billion on revenue of INR 8.21 billion. Tuesday, shares of 360 ONE WAM ended 2.6% lower at INR 1,220.40 on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Saji George Titus
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