UBS Completes 360 ONE Warrant Exercise
UBS Group AG has acquired a reported 4.8% stake in Mumbai-based wealth manager 360 ONE WAM by exercising warrants issued by the company, according to Economic Times reporting published on October 23, 2026, and a separate M&A Critique report from the same date. The reports said UBS exercised more than 20.5 million warrants.
The exercise followed UBS’s transfer of its local wealth management business to 360 ONE more than a year earlier. The reports did not provide a transaction value or disclose how the 4.8% holding was calculated.
Remaining Exercise Payment Made
UBS paid 25% of the exercise price when the warrants were allotted and has now paid the remaining 75%, converting the warrants into 360 ONE WAM shares. The cash payer for the remaining exercise price was UBS, while the shares were issued by 360 ONE; the reports do not describe the payment as a purchase of newly issued shares from another shareholder.
The Economic Times report said 360 ONE disclosed that UBS had exercised the warrants on Thursday. The publication timestamp was October 23, 2026, while the report also displayed an update time of 06:48 IST. The evidence does not establish the time zone in which the exercise itself occurred.
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