Mumbai, 21 November (Udaipur Kiran). Shares of 360 One Wam moved higher on Thursday after its asset management arm received approval to set up a wholly owned subsidiary in Gujarat International Finance Tec-City (GIFT City). The stock was trading at ₹1,155.50, up ₹12.90 or 1.13% from its previous close of ₹1,142.60 on the BSE.
The scrip opened at ₹1,140.80 and has traded between ₹1,156.00 and ₹1,121.00 so far, with over 12,300 shares changing hands. The company’s market capitalisation currently stands at ₹46,085.62 crore.
The stock has recorded a 52-week high of ₹1,317.25 on 3 January 2025 and a 52-week low of ₹766.05 on 7 April 2025. In the past week, it has traded within the range of ₹1,156.00 and ₹1,055.05.
Promoters hold 6.26% stake in the company, while institutional investors own 76.56% and non-institutional shareholders hold 17.19%.
The company said that 360 ONE Asset Management (AMC) has received the necessary approvals to incorporate a new subsidiary to conduct fund management operations in GIFT City. Once incorporated, it will operate as a step-down wholly owned subsidiary of 360 One Wam. The board approved this proposal at its meeting on November 20, 2025.
360 One Wam, formerly known as IIFL Wealth Management, is registered with SEBI as a stock broker, depository participant, research analyst, portfolio manager and distributor of financial products.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
