Subsidiary20 Apr 2026, 07:51 pm
360 ONE subsidiary gets IFSCA in-principle approval
AI Summary
360 ONE Global Asset Management (IFSC) Limited, a wholly owned subsidiary, has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate as a Fund Management Entity (Retail) at GIFT City. The company's subsidiary, AMC, will infuse capital into GAM and obtain final registration to commence asset/fund management business.
Key Highlights
- Subsidiary receives in-principle approval from IFSCA.
- Approval is to act as a Fund Management Entity (Retail).
- Business to commence at GIFT City post-final registration.
- Capital infusion planned for the subsidiary.