INSUBCONTINENT EXCLUSIVE:
in the company was reportedly offloaded by BC Asia Investments in a block deal.According to reports by CNBC, this sale, representing 1.9
crore shares of the company, was sold via a block deal worth Rs 2,273 crore, which led to a fall in the share price today.The block deal
took place on Tuesday, July 22, reportedly at a price of Rs 1,160 per share
However, the official parties of the transaction are not currently known.According to previous reports, BC Asia Investments X Ltd was
planning to offload around 1.5 crore shares, or a 3.7% stake, in the wealth and asset management firm.Also Read: 7 Nifty500 stocks with
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Morgan is said to be managing the deal, as per the term sheet.360 One WAM, formerly known as IIFL Wealth Management, rebranded in January
2023 and is headquartered in Mumbai
consortium of investors, including Bain Capital Investors LLC, Bain Capital Credit, and the Canada Pension Plan Investment Board (CPPIB)
In 2022, the group acquired up to a 24.98% stake in 360 One WAM from General Atlantic Singapore Fund Pte Ltd, becoming one of its major
shareholders.Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43%On Monday,
360 One WAM shares closed 1.67% higher at Rs 1,221.10, in line with broader market gains
The stock has risen 28% over the past three months but remains down 4% year-to-date
Over the last two years, the stock has delivered a strong return of 137%.According to Trendlyne, the average analyst target price for the
stock is Rs 1,305, implying a potential upside of about 7% from current levels
the experts are their own
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