Mumbai, Oct. 23 -- Swiss investment bank UBS AG acquired a 4.8% stake in Karan Bhagat's wealth manager 360 One Wam Ltd after converting 20.5 million warrants into equity shares. When the warrants were initially allotted on 21 July 2025, UBS paid 25% of the exercise price. It paid the remaining 75% exercise price of Rs.1,584 crore ($190 million) on Thursday, 360 One said in a statement. The latest tranche of equity shares was issued at Rs.1,030 per share, bringing the total consideration for the warrant transaction to Rs.2,112 crore. Shares of 360 One opened at Rs.1,030.10 on the National Stock Exchange on Thursday. In April 2025, UBS agreed to transfer its onshore wealth management business in India to 360 One for a net consideration of Rs....