Mumbai, India, October 22, 2026: 360 ONE WAM Ltd, a prominent player in India’s wealth and asset management sector, has announced the successful conversion of warrants into equity shares by UBS AG, a leading global wealth manager. This transaction marks a significant development in the strategic collaboration between the two financial entities.
The conversion follows the initial allotment of 20,502,939 warrants to UBS AG on a preferential basis, as disclosed on July 21, 2025. UBS AG has now exercised its right to convert all the warrants, resulting in the allotment of an equivalent number of equity shares at an issue price of ₹1,030 per share. The total consideration for this transaction amounts to approximately ₹2,111.8 crore. This conversion grants UBS AG a 4.8% equity stake in 360 ONE WAM Ltd, enhancing its influence and presence in the Indian financial market.
The issuance of these equity shares has increased the company’s issued, subscribed, and paid-up share capital from ₹40.79 crore to ₹42.84 crore. The newly allotted shares will rank pari passu with the existing equity shares, ensuring equal rights and privileges for all shareholders. This strategic move underscores the robust partnership between 360 ONE WAM and UBS AG, reflecting their mutual commitment to expanding their footprint in the wealth management domain.
360 ONE WAM Ltd is renowned for managing assets exceeding ₹9 lakh crore and serving a diverse clientele that includes over 9,000 families and corporates. The firm specialises in providing comprehensive wealth management solutions, catering to ultra-high-net-worth and high-net-worth individuals. Meanwhile, UBS AG, headquartered in Zurich, Switzerland, continues to solidify its position as a global leader in wealth management, managing assets worth $7.3 trillion as of the second quarter of 2026.
Market analysts view this development as a positive step for 360 ONE WAM Ltd, potentially enhancing its market position and growth prospects. The collaboration with UBS AG is expected to bring in valuable expertise and resources, further strengthening 360 ONE’s capabilities in delivering top-tier financial solutions to its clients.
