StockWatch
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Other Financial Services
Acquisitions28 Jul 2026, 05:30 pm

360 ONE WAM amends share lock-in terms for acquisition allottees

AI Summary

360 ONE WAM LTD has amended the share lock-in agreement related to the acquisition of 360 ONE Capital Market Private Limited. Previously, shares allotted to Mr. Saahil Murarka and Batlivala & Karani Resources Management Private Limited were subject to a periodical release of 20% annually on an individual basis. Following a request from the allottees, the company has agreed to maintain the lock-in on an aggregate basis instead of an individual basis. All other terms of the original Share Purchase and Sale Agreement (SPSSA), including the total number of shares and the overall lock-in period, remain unchanged.

Key Highlights

  • Lock-in terms for acquisition allottees have been amended.
  • Lock-in will now be on an aggregate basis, not individual.
  • Total shares and lock-in period remain unchanged.
  • Amendment follows a request from the allottees.