Latest news with #360ONEWAM
Time of India
6 days ago
- Business
- Time of India
Bain Capital sells 3.7% stake in 360 ONE WAM for Rs 1,741 crore
Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions. Following the stake sale, shares of 360 ONE WAM fell 6.25 per cent to close at Rs 1,144.90 apiece on the NSE. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Product Management MBA PGDM Management Design Thinking Public Policy Artificial Intelligence Cybersecurity Degree Project Management Data Science Finance Operations Management Others Leadership others Healthcare Data Science CXO MCA Data Analytics Digital Marketing Technology Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo US-based Bain Capital through its affiliate BC Asia Investments X Ltd offloaded a total of 1.50 crore equity shares, amounting to a 3.71 per cent stake in 360 ONE WAM, as per the bulk deal data on the National Stock Exchange (NSE). The shares were disposed of in the price range of Rs 1,160.10-1,161.42 apiece, taking the combined deal value to Rs 1,741.14 crore. After the latest transaction, Bain Capital's holding in Mumbai-based 360 ONE WAM has come down to 18.21 per cent from 21.92 per cent. Live Events Details of the buyers of 360 ONE WAM's shares could not be ascertained on the exchange. In 2022, Bain Capital announced that it will acquire a 24.98 per cent equity stake in IIFL Wealth Management (now known as 360 ONE WAM) for nearly Rs 3,700 crore. The company had said that it will acquire stakes from PE firm General Atlantic and billionaire Prem Watsa-owned FIH Mauritius.
News18
6 days ago
- Business
- News18
PE major Bain Capital sells 3.7 pc stake in 360 ONE WAM for Rs 1,741 cr
Agency: PTI Last Updated: New Delhi, Jul 22 (PTI) Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions. Following the stake sale, shares of 360 ONE WAM fell 6.25 per cent to close at Rs 1,144.90 apiece on the NSE. US-based Bain Capital through its affiliate BC Asia Investments X Ltd offloaded a total of 1.50 crore equity shares, amounting to a 3.71 per cent stake in 360 ONE WAM, as per the bulk deal data on the National Stock Exchange (NSE). The shares were disposed of in the price range of Rs 1,160.10-1,161.42 apiece, taking the combined deal value to Rs 1,741.14 crore. After the latest transaction, Bain Capital's holding in Mumbai-based 360 ONE WAM has come down to 18.21 per cent from 21.92 per cent. Details of the buyers of 360 ONE WAM's shares could not be ascertained on the exchange. In 2022, Bain Capital announced that it will acquire a 24.98 per cent equity stake in IIFL Wealth Management (now known as 360 ONE WAM) for nearly Rs 3,700 crore. The company had said that it will acquire stakes from PE firm General Atlantic and billionaire Prem Watsa-owned FIH Mauritius. PTI HG HVA Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
17-07-2025
- Business
- Business Standard
360 ONE WAM consolidated net profit rises 16.79% in the June 2025 quarter
Sales rise 7.31% to Rs 911.46 croreNet profit of 360 ONE WAM rose 16.79% to Rs 284.67 crore in the quarter ended June 2025 as against Rs 243.74 crore during the previous quarter ended June 2024. Sales rose 7.31% to Rs 911.46 crore in the quarter ended June 2025 as against Rs 849.34 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 7 OPM %62.0967.92 -PBDT405.93448.74 -10 PBT373.80432.28 -14 NP284.67243.74 17 Powered by Capital Market - Live News
Business Standard
10-07-2025
- Business
- Business Standard
ET Money, a 360 ONE company, launches Loans Against Mutual Funds
VMPL New Delhi [India], July 10: ET Money, India's leading long-term investments platform and part of the 360 ONE WAM group, has announced its entry into secured lending with the launch of Loans Against Mutual Funds (LAMF). The offering will be accessible through ET Money's Android and iOS apps, and loans will be facilitated via NBFC partnerships. This marks a significant milestone in ET Money's journey toward building a full-stack digital wealth platform for India's mass affluent. LAMF allows investors to borrow against their existing mutual fund holdings instantly, securely, and without liquidating them. The product ensures compounding continues uninterrupted while giving mutual fund investors access to flexible, low-cost liquidity anytime, anywhere. "At ET Money, we've always focused on helping Indians participate in the country's long-term wealth creation story by enabling digital and systematic investments in mutual funds. But while aspirations are long-term, life often throws short-term needs our way at times, unplanned expenses, while at others, unexpected emergencies. In such moments, investors are forced to trade off their long-term savings goals," said Mukesh Kalra, CEO, ET Money. "With Loans Against Mutual Funds, those trade-offs become a thing of the past. We're thrilled to introduce a seamless way to unlock the value of long-term assets to meet today's priorities without interrupting the journey of wealth creation," Kalra added. This 100% digital offering enables users to: * Instantly check the limit they are eligible for and apply online * Digitally lien-mark the mutual fund units to partner NBFC in real time * Get access to funds within minutes, with a flexible overdraft facility * Repay principal, interest, or any combination on their own terms with zero foreclosure charges Unlike personal loans, borrowers pay interest only on the amount they use, and only for the duration they use it. There are no fixed EMIs, and the facility can be reused without reapplying, making it ideal for planned expenses and emergencies. LAMF is not just a new product; it's a new way of thinking about credit. It empowers Indians to mobilise their most widely held financial asset, mutual funds, as an instrument of short-term financial flexibility. In doing so, ET Money expands access to low-cost, collateral-backed credit while promoting disciplined investing behaviour. By offering digital-first, collateral-backed loans, ET Money reinforces its mission of empowering users at every step of their financial journey, making it possible to live fully today, while continuing to build for tomorrow. About ET Money ET Money is one of India's leading platforms for long-term investments and wealth management. ET Money now operates as a 100% subsidiary of 360 ONE WAM, India's premier wealth management firm, after the latter acquired Moneygoals Solutions Limited (MGSL) and its wholly owned subsidiary, Banayantree Services Limited (BTSL), which owns and operates ET Money. It empowers millions of users to make smarter financial decisions through a blend of intuitive design, investor-first thinking, and data-driven technology. ET Money helps users track, manage, and get advice on over ₹35,000 crore across mutual funds, insurance, NPS, FDs, and now secured credit via Loans Against Mutual Funds--continuing its mission to simplify how Indians grow, protect, and manage their wealth.
The Wire
10-07-2025
- Business
- The Wire
ET Money, a 360 ONE company, launches Loans Against Mutual Funds
Mukesh P Kalra, CEO, ET Money. • To help Indians access ultra-low-cost credit without interrupting the compounding of their long-term investments New Delhi, July 10, 2025: ET Money, India's leading long-term investments platform and part of the 360 ONE WAM group, has announced its entry into secured lending with the launch of Loans Against Mutual Funds (LAMF). The offering will be accessible through ET Money's Android and iOS apps, and loans will be facilitated via NBFC partnerships. This marks a significant milestone in ET Money's journey toward building a full-stack digital wealth platform for India's mass affluent. LAMF allows investors to borrow against their existing mutual fund holdings instantly, securely, and without liquidating them. The product ensures compounding continues uninterrupted while giving mutual fund investors access to flexible, low-cost liquidity anytime, anywhere. 'At ET Money, we've always focused on helping Indians participate in the country's long-term wealth creation story by enabling digital and systematic investments in mutual funds. But while aspirations are long-term, life often throws short-term needs our way at times, unplanned expenses, while at others, unexpected emergencies. In such moments, investors are forced to trade off their long-term savings goals,' said Mukesh Kalra, CEO, ET Money. 'With Loans Against Mutual Funds, those trade-offs become a thing of the past. We're thrilled to introduce a seamless way to unlock the value of long-term assets to meet today's priorities without interrupting the journey of wealth creation,' Kalra added. This 100% digital offering enables users to: • Instantly check the limit they are eligible for and apply online • Digitally lien-mark the mutual fund units to partner NBFC in real time • Get access to funds within minutes, with a flexible overdraft facility • Repay principal, interest, or any combination on their own terms with zero foreclosure charges Unlike personal loans, borrowers pay interest only on the amount they use, and only for the duration they use it. There are no fixed EMIs, and the facility can be reused without reapplying, making it ideal for planned expenses and emergencies. LAMF is not just a new product; it's a new way of thinking about credit. It empowers Indians to mobilise their most widely held financial asset, mutual funds, as an instrument of short-term financial flexibility. In doing so, ET Money expands access to low-cost, collateral-backed credit while promoting disciplined investing behaviour. By offering digital-first, collateral-backed loans, ET Money reinforces its mission of empowering users at every step of their financial journey, making it possible to live fully today, while continuing to build for tomorrow. About ET Money ET Money is one of India's leading platforms for long-term investments and wealth management. ET Money now operates as a 100% subsidiary of 360 ONE WAM, India's premier wealth management firm, after the latter acquired Moneygoals Solutions Limited (MGSL) and its wholly owned subsidiary, Banayantree Services Limited (BTSL), which owns and operates ET Money. It empowers millions of users to make smarter financial decisions through a blend of intuitive design, investor-first thinking, and data-driven technology. ET Money helps users track, manage, and get advice on over ₹35,000 crore across mutual funds, insurance, NPS, FDs, and now secured credit via Loans Against Mutual Funds—continuing its mission to simplify how Indians grow, protect, and manage their wealth. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.).
