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UBS to Sell India Wealth Biz to 360 ONE
Financial Express Pune
|April 23, 2025
UBS WILL SELL its Indian onshore wealth business to asset manager 360 ONE WAM in a deal valued at ₹307 crore ($36 million), the Mumbai-based company said on Tuesday.
360 ONE said it will buy UBS' local stock broking and distribution business, discretionary and non-discretionary portfolio management services business, and residual loan portfolio.
As part of the deal, UBS will acquire warrants for a 4.95% stake in 360 ONE, the banking giant said in a separate statement.
Additionally, 360 ONE clients booked in Singapore will be served by UBS Singapore, subject to regulatory approvals, UBS said.
Diese Geschichte stammt aus der April 23, 2025-Ausgabe von Financial Express Pune.
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