360 ONE WAM gets CCI approval to acquire UBS India's businesses
360 One WAM Ltd is in focus after getting Competition Commission of India (CCI) approval to buy some businesses from UBS AG, including Credit Suisse India's portfolio management division. As part of the deal, UBS will also buy warrants for a 4.95% stake in 360 One. The acquisition improves 360 One's services in portfolio management, broking, distribution, and lending.