UBS Acquires 4.8% Stake in 360 ONE WAM After Warrant Conversion
UBS said it exercised all 20.5 million warrants and bought an approximately 4.8% stake in India's 360 ONE WAM.
Story updates
06:56:01 AM UTC
SquawkNews
UBS BX:0UB has acquired an approximately 4.8% stake in India's 360 One Wam NSE:360ONE after converting warrants into shares, the Swiss bank said on Thursday, marking another step in the companies' strategic partnership.The deal comes as foreign banks face stiff competition from wealth managers amid…
Swiss banking giant UBS BX:0UB said on Thursday it had bought an approximately 4.8% stake in India's 360 ONE WAM NSE:360ONE after converting warrants into shares, marking another step in the companies' strategic wealth management partnership.UBS said it had exercised all 20.5 million warrants allot…