360 ONE WAM Approves New Subsidiary for Fund Management in GIFT City
Filing Summary
360 ONE WAM Limited’s board of directors has approved the incorporation of a new wholly owned subsidiary under its subsidiary, 360 ONE Asset Management Limited. This new entity will focus on fund management operations in Gujarat International Finance Tec-City (GIFT City). The new subsidiary will be a step-down wholly owned subsidiary of 360 ONE WAM. The necessary disclosures as per SEBI regulations will be submitted upon incorporation. This development aligns with the company’s strategic focus on expanding its financial services operations.
360 ONE WAM Limited has announced that the board of directors of its wholly owned subsidiary, 360 ONE Asset Management Limited, has approved the incorporation of a new wholly owned subsidiary. This decision was made during a board meeting held on November 20, 2025. The new subsidiary will focus on conducting fund management business in Gujarat International Finance Tec-City (GIFT City).
Upon its incorporation, the new entity will become a step-down wholly owned subsidiary of 360 ONE WAM Limited. The company has stated that it will submit the required disclosures in accordance with Annexure 18 of the SEBI Master Circular dated November 11, 2024, once the new subsidiary is incorporated.
360 ONE WAM Limited is focused on expanding its financial services operations. The company aims to enhance its presence in strategic locations such as GIFT City, which is a key financial hub in India. This move is part of the company’s broader strategy to strengthen its position in the asset management sector.