360 ONE AAM Approves AIF Business Acquisition From PML

MUMBAI, August 28, 2026 — 360 ONE WAM Limited announced on Friday that the board of directors of its wholly owned subsidiary, 360 ONE Alternates Asset Management Limited (AAM), has approved the acquisition of the alternative investment funds management business (AIF Business) from 360 ONE Portfolio Managers Limited (PML).

The board of directors of PML simultaneously approved the withdrawal of an earlier plan to transfer the AIF Business to 360 ONE Asset Management Limited (AMC). Under the updated framework, the AIF Business will instead be transferred to AAM on a going concern and slump sale basis, streamlining the firm's private market platform.

Restructuring Plan and Transaction Structure

The intra-group realignment modifies the initial proposal dated April 18, 2026, which originally slated the transfer of the AIF Business from PML to AMC. On August 28, 2026, the board of AMC took formal note of the withdrawal, while the boards of PML and AAM approved the revised transaction path.

Key financial and structural details of the Business Transfer include:

• Transaction Type: Slump sale on a going concern basis.

• Valuation & Consideration: Lump sum consideration not less than the net book value of the AIF Business, subject to working capital adjustments.

• Transferor Entity: 360 ONE Portfolio Managers Limited (PML).

• Transferee Entity: 360 ONE Alternates Asset Management Limited (AAM).

• Effective Date: To be determined mutually by PML and AAM under the terms of the draft Business Transfer Agreement.

Operational Focus and Strategic Consolidation

The primary objective of the revised transfer is to consolidate all alternative investment funds managed within the group under AAM. Group management noted that bringing the AIF operational mandate into a single, specialized entity creates a larger, unified investment platform.

This setup is projected to provide sharper focus on alternative asset classes—including private credit, private equity, venture capital, and real estate—while enhancing overall operational efficiency across administrative and compliance functions.

Regulatory Disclosures and Impact on Shareholders

In its regulatory filing under Regulation 30 of the SEBI Listing Regulations submitted to BSE Limited and the National Stock Exchange of India Limited, 360 ONE WAM highlighted key investor protections:

• No Change in Shareholding: Because both PML and AAM are wholly owned subsidiaries of 360 ONE WAM Limited, the internal restructuring involves no third parties and causes zero change to parent or subsidiary shareholding patterns.

• Promoter Neutrality: The transaction confers no benefit, monetary or structural, onto the promoter or promoter group.

• Stakeholder Safety: The management stated the internal transfer is not prejudicial to the interests of equity investors, company creditors, or public shareholders.

Official Sources Section

According to official corporate announcements filed with Indian stock exchanges, Company Secretary Rohit Bhase formally submitted the disclosure on behalf of 360 ONE WAM Limited following board actions across its subsidiaries on August 28, 2026.

Quote Section

"According to officials in exchange disclosures, the proposed business transfer is aimed at consolidating the alternative investment funds from PML to AAM and is expected to result in a larger investment platform allowing sharper focus on this particular business segment."

Why It Matters

Consolidating alternative assets under 360 ONE Alternates Asset Management Limited provides institutional investors and high-net-worth clients with a dedicated vehicle for alternative investments. Eliminating operational redundancies between portfolio management and asset management subsidiaries strengthens administrative clarity without diluting shareholder value or altering financial consolidation at the parent company level.

Key Facts at a Glance

• Transaction: Acquisition of PML's AIF Business by 360 ONE Alternates Asset Management Limited (AAM).

• Revised Decision: Cancellation of the earlier proposed transfer to 360 ONE Asset Management Limited (AMC).

• Transfer Mechanism: Slump sale on a going concern basis at or above net book value.

• Entity Relationship: Both PML and AAM remain 100% wholly owned subsidiaries of 360 ONE WAM Limited.

• Shareholding Impact: Nil impact on company ownership structure or promoter holdings.

Frequently Asked Questions (FAQ)

What change was made to 360 ONE WAM’s internal asset transfer plan?

The board of PML withdrew its earlier plan to transfer its AIF Business to AMC and instead approved the transfer of the business to 360 ONE Alternates Asset Management Limited (AAM).

How will the AIF Business be valued in the transfer?

The business will be transferred for a lump sum consideration not lower than its net book value, adjusted for working capital on the effective date.

Will this intra-group transfer affect public shareholders or equity holdings?

No, because both the transferor (PML) and transferee (AAM) are wholly owned subsidiaries, the transaction does not alter shareholding patterns or prejudice investor interests.

What is the strategic objective behind moving the AIF Business to AAM?

The consolidation aims to create a unified alternative investment platform to improve operational efficiency and provide dedicated management focus.

Source: Official regulatory disclosures filed by 360 ONE WAM Limited with BSE Limited and the National Stock Exchange of India Limited on August 28, 2026.