UBS has picked up an approximate 4.8% equity holding in Indian wealth and asset management firm 360 ONE WAM, following the full conversion of its existing warrant holdings into 20,502,939 equity shares.
The share issue finalises an earlier preferential allotment agreed between the two entities.
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360 ONE originally issued the 20,502,939 warrants in July 2025, when UBS remitted an initial 25% of the exercise consideration.
The Swiss bank has now cleared the remaining 75% balance to execute the full conversion.
Mumbai-headquartered 360 ONE WAM oversees more than $94.1bn in client assets across 32 domestic and overseas offices, serving an institutional and private client base exceeding 9,000 corporates and families.
The company operates through two divisions, including 360 ONE Wealth, which provides portfolio management and legacy-planning solutions to high-net-worth and ultra-high-net-worth families.
Its other unit, 360 ONE Asset, channels foreign capital into Indian public equities, private equity, private credit, real assets, and renewables.
UBS, headquartered in Zurich, operates across more than 50 global jurisdictions and had $7.3tn in invested assets as of the second quarter of 2026.
Separately, in August, India’s Groww Asset Management Company (AMC) finalised a Rs5.8bn ($64.2m) transaction with State Street Investment Management after obtaining the required regulatory approvals.
That deal, first made public in January 2026, gave State Street Investment Management a 4.85% voting stake alongside a 23% economic interest in Groww AMC.
