360 ONE Gets SEBI, NSE Nods To Buy Credit Suisse India’s PMS, Broking Business

360 ONE WAM Ltd. on Monday said its wholly owned subsidiary, 360 ONE Portfolio Managers Ltd., has received approval from SEBI to acquire the portfolio management services business of Credit Suisse Securities (India) Pvt. Ltd. on a slump sale basis.

Earlier on Saturday, another unit, 360 ONE Distribution Services Ltd., received NSE’s approval to acquire Credit Suisse India’s stock broking and distribution business.

These deals are part of 360 ONE’s strategic partnership with UBS AG, announced in April, aimed at strengthening wealth management offerings.