Bain Capital Offloads ₹1,741 Cr Stake—360 ONE WAM Stock Takes a Hit

Bain Capital, through its affiliate BC Asia Investments X Ltd, has offloaded 1.5 crore equity shares in 360 ONE WAM Ltd, marking a 3.71% stake sale via bulk deals on the National Stock Exchange. The transaction, valued at ₹1,741 crore, was executed at a price range of ₹1,160.10–₹1,161.42 per share.

 

Key Highlights:

 

- Post-sale, Bain Capital’s holding in 360 ONE WAM dropped from 21.92% to 18.21%

 

- The shares were sold at nearly a 5% discount to the previous close

 

- The deal triggered a 6.25% decline in the stock, which closed at ₹1,144.90 on the NSE

 

- The sale follows Bain’s initial 24.98% acquisition in 2022 for ₹3,700 crore

 

- Market sentiment remained cautious amid high-volume trading and price volatility

 

Strategic Context:

 

The divestment reflects portfolio rebalancing by Bain Capital, while 360 ONE WAM continues to expand its wealth management footprint.

 

Sources: Economic Times, NDTV Profit, Fortune India, Rediff Moneynews.