360 One Wam has entered into a definitive agreement to acquire wealth-focused ET MONEY. The acquisition will aid in completing the flywheel across client segments for 360 ONE and reinforcing its position as India’s premier wealth manager. 360 ONE has recently launched its HNI and Global offerings in addition to the existing core UHNI Wealth business. Subject to regulatory approvals, 360 ONE WAM will acquire 100% of ET MONEY largely via a stock swap deal and part cash.
ET MONEY is one of India's biggest SEBI-registered Investment Advisors by number of clients and among the largest non-brokerage Digital Platforms for Wealth Management. The acquisition allows 360 ONE and ET Money to leverage their product suite, domain understanding of the business, portfolio advisory solutions, brokerage services and credit solutions to a large user base. The acquisition is expected to result into a strong and faster path of monetisation for ET Money across both users as well as product offerings.
360 One Wam offers investment products, treasury advisory, lending solutions, and estate planning services.
Company Name | CMP |
---|---|
Max Financial | 1107.70 |
Delphi World Money | 205.15 |
Anand Rathi Wealth | 4065.10 |
Prudent Corporate | 2854.35 |
Nuvama Wealth | 6848.70 |
View more.. |