New Delhi, Oct. 23 -- 360 ONE WAM, one of India's largest independent wealth and asset management firms, announced on Thursday that Swiss banking major UBS had acquired a 4.8% stake in the company through the conversion of warrants.

UBS AG had subscribed to 20,502,939 warrants on a preferential basis under an agreement with 360 ONE. The warrants were allotted on July 21, 2025, with 25% of the exercise price paid at the time of allotment. UBS AG has now exercised all the warrants and paid the remaining 75% of the exercise price.

"Pursuant to this, 360 ONE has allotted 2,05,02,939 equity shares to UBS AG, representing approximately a 4.8% equity stake in 360 ONE WAM Ltd," the company said in a regulatory filing.

The move comes as global ...