The UBS stake in Indian wealth manager 360 ONE WAM has reached 4.8% after the Swiss bank exercised warrants allotted by the company. In an announcement on October 22, 2026, 360 ONE said UBS had paid the remaining exercise price to convert the warrants into shares.
Key Takeaways
- UBS exercised more than 20.5 million warrants to acquire the holding.
- The conversion follows the transfer of UBS’s local wealth-management business to 360 ONE more than a year earlier.
- The resulting 4.8% holding differs from the proposed 4.95% stake outlined in April 2025.
Table of Contents
UBS stake moves from warrants to shares
The warrant exercise gives UBS an equity holding in the Mumbai-based wealth manager. UBS had paid part of the exercise price when the warrants were allotted and has now settled the balance.
The distinction is important: the latest development is the conversion of previously allotted warrants into shares, rather than the announcement of a new partnership. The supplied transaction details do not give the total cash consideration or the price paid per share.
| Item | Details |
|---|---|
| Payment at warrant allotment | 25% of the exercise price |
| Payment to convert warrants | Remaining 75% of the exercise price |
| Original collaboration announcement | April 22, 2025 |
Holding builds on the April 2025 collaboration
UBS’s April 2025 strategic collaboration announcement outlined plans to transfer its onshore Indian wealth-management business to 360 ONE and acquire warrants representing a proposed 4.95% stake. Those arrangements were subject to applicable regulatory requirements and approvals.
The original collaboration also envisaged 360 ONE clients booked in Singapore being served by UBS Singapore, with potential cooperation in asset-management products and investment-banking services. These were elements of the announced framework, not new measures confirmed by the October warrant exercise.
The latest 4.8% holding is 0.15 percentage points below the proposed stake described in April 2025. The available information does not explain the difference, so it should not be interpreted as evidence that UBS sold shares or reduced its commitment.
Conclusion
The warrant conversion establishes UBS’s 4.8% ownership position within the previously announced collaboration. No further transaction milestone or completion date was specified in the supplied October update.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
