&w=696&resize=696,0&ssl=1 "Wealth administration agency 360 ONE acquires ET Cash for Rs 366 crore | Information on Markets")
Mergers and acquisitions (Picture: Wikimedia Commons)
360 ONE WAM, a number one wealth administration agency, has entered right into a definitive settlement to amass Occasions Web’s wealth advisory platform ET Cash for Rs 366 crore. The acquisition will probably be accomplished partly in money and partly through share swap deal.
“The acquisition will support in finishing the flywheel throughout shopper segments for 360 ONE,” the corporate mentioned in a inventory trade submitting.
ET Cash has 900,000 transacting shoppers with greater than 100,000 revenue-generating customers. It tracks an general AUM of Rs 70,000 crore.
The platform has gross month-to-month gross sales of over Rs 1,200 crore, with SIPs amounting to Rs 450 crore month-to-month and MF web flows of almost Rs 750 crore monthly.
First Printed: Jun 12 2024 | 10:46 PM IST
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