STOCKWATCH

360 ONE WAM LTD Receives Necessary Approval for Acquisition of Credit Suisse Securities' Stock Broking Business

360 ONE WAM LTD has announced that it has received the necessary approval from the National Stock Exchange of India for the proposed acquisition of the stock broking and distribution business of Credit Suisse Securities (India) Private Limited. The acquisition will be made by 360 ONE Distribution Services Limited, a wholly owned subsidiary of 360 ONE WAM LIMITED, on a slump sale basis, subject to necessary approval(s) of the regulatory authorities. The consideration and business transfer agreement will be discharged and consummated by 360 ONE Distribution Services Limited in accordance with the applicable laws upon receipt of all other necessary approval(s) and/or no objections of regulatory authority(ies).

• 360 ONE WAM LTD has received necessary approval from the National Stock Exchange of India for the acquisition of Credit Suisse Securities' stock broking and distribution business.
• The acquisition will be made by 360 ONE Distribution Services Limited, a wholly owned subsidiary of 360 ONE WAM LIMITED, on a slump sale basis.
• The acquisition is subject to necessary approval(s) of the regulatory authorities.
• The consideration and business transfer agreement will be discharged and consummated by 360 ONE Distribution Services Limited in accordance with the applicable laws upon receipt of all other necessary approval(s) and/or no objections of regulatory authority(ies).