360 ONE WAM receives key approval for acquisition

360 ONE WAM LIMITED announced today that it has received the necessary approval from the Securities and Exchange Board of India for its proposed acquisition of the discretionary and non-discretionary portfolio management services business of Credit Suisse Securities (India) Private Limited. The acquisition, structured as a slump sale, was initially disclosed on April 22, 2025. With this key regulatory hurdle cleared, 360 ONE WAM anticipates initiating steps for the discharge of consideration and consummation of the business transfer agreement, pending any further regulatory considerations. The company has stated the acquisition is expected to occur on Monday, July 7, 2025.