HomeMarket News360 ONE WAM shares decline 5% after equity worth ₹2,273 crore change hands in block deal
On Monday, July 21, CNBC-TV18 had reported, citing sources, that BC Asia Investments X Ltd was likely to sell around 1.5 crore shares, or a 3.7% stake, in the wealth and asset management firm.
As many as 1.9 crore shares or 4% equity of 360 ONE WAM Ltd. worth ₹2,273 crore shares changed hands at ₹1,160 apiece in block deals on Tuesday, July 22. The stock is down 5% after the block deal.
Bain Capital-led BC Asia Investments X Ltd. is likely a seller in the block deal.
, CNBC-TV18 had reported, citing sources, that BC Asia Investments X Ltd was likely to sell around 1.5 crore shares, or a 3.7% stake, in the wealth and asset management firm.
The seller will be subject to a 120-day lock-up period following the transaction, the document said. The deal is being arranged by JPMorgan, according to the term sheet.
At the end of the June quarter, BC Asia Investments held 21.9% stake in the company.
BC Asia Investments is a special-purpose vehicle indirectly held by a consortium of investors, including Bain Capital Investors LLC, Bain Capital Credit, and the Canada Pension Plan Investment Board (CPPIB).
In 2022, BC Asia Investments X acquired up to a 24.98% stake in 360 ONE WAM from General Atlantic Singapore Fund Pte. Ltd, making it a major shareholder in the company.
Shares of 360 ONE WAM Ltd. were down 4.6% at ₹1,164.5 apiece at 9.20 am on Tuesday, July 22. The stock has declined 8.8% this year, so far.
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First Published:
Jul 22, 2025 9:33 AM
IST