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Consequent to the aforesaid allotment, the issued, subscribed and paid-up share capital of the Company has increased from Rs. 40,79,14,200/- comprising of 40,79,14,200 equity shares of Re. 1/- each, to Rs. 42,84,17,139/- comprising of 42,84,17,139 equity shares of Re. 1/- each.
The shares were allotted at Rs 1,030 apiece on 22 October 2026 after UBS paid the remaining 75% of the warrant exercise price. The total consideration for the warrant conversion amounted to Rs 2,111.80 crore.
360 ONE WAM had allotted 2.05 crore warrants to UBS on a preferential basis on 21 July 2025. UBS had paid 25% of the exercise price at the time of allotment and subsequently exercised all the warrants.
Following the allotment, 360 ONE WAM's paid-up equity share capital increased to Rs 42.84 crore from Rs 40.79 crore, comprising 42.84 crore equity shares of Re 1 face value each.
Mumbai-based 360 ONE WAM is an independent wealth and asset management firm. The company manages assets worth approximately Rs 9 lakh crore and serves more than 9,000 families and corporates.
The company’s consolidated net profit increased 16.11% to Rs 330.53 crore in Q1 FY27, compared with Rs 284.67 crore in Q1 FY26. Revenue from operations jumped 26.85% YoY to Rs 1,226.09 crore in Q1 FY27.
Shares of Kaynes Technology, LIC Housing Finance, Manappuram Finance, SAIL are barred from F&O trading on 23 September 2026.
New Listings:
Hero Motors will list on the stock exchange. The offer received bids for 58.97 crore shares as against 8.86 crore shares on offer.The issue was subscribed 6.66 times. The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share.
Jindal Supreme (India) will list on the bourses. The offer received bids for 170.19 crore shares as against 93.99 lakh shares on offer. The issue was subscribed 181.07 times. The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 88 and 93 per share.
SS Retail will list on the stock exchange. The offer received bids for 90.83 crore shares as against 87.93 lakh shares on offer. The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 403 and 424 per share.
Stocks to Watch:
Crude oriented stocks will be in focus as crude oil prices fall sharply, with Brent slipping below $100 a barrel.
360 One WAM appointed Aashish Agarwal as the chief executive officer (CEO) with effect from 15 February 2026. Karan Bhagat, currently managing director & CEO, will be appointed as Vice Chairman and continue as managing director of the group.
IRB Infrastructure Developers’ board approved the monetisation of non-core assets, including two land parcels each in Pune and Mumbai.
Aditya Infotech’s board approved a proposal to raise funds through a qualified institutional placement (QIP), with a floor price of Rs 3,648.43 per share.
Cupid raised its FY27 guidance, projecting revenue of Rs 725–750 crore and net profit of Rs 210–225 crore. For the medium term, the company is targeting revenue of Rs 1,085 crore in FY28 and Rs 1,500 crore in FY29.
Arvind Smartspaces reported bookings of over Rs 500 crore in Arvind Sylva – The Green Reserve within 30 days of its launch, representing around 60% inventory absorption by value. The project was acquired outright in February 2026 and has an estimated topline potential of approximately Rs 860 crore.
Karan Bhagat, currently managing director & CEO, will be appointed as vice chairman while continuing as managing director of the group. He will oversee group strategy, capital allocation and key client and institutional relationships. Yatin Shah, co-founder of 360 ONE, will continue to lead the company’s wealth management business.
Aashish Agarwal said, “I am delighted to be joining 360 ONE. Karan and Yatin have built an exceptional franchise over 18 years, and I look forward to working closely with them to build an Indian financial institution of enduring scale and global standing. India's wealth creation story is still early, and as clients and family offices grow more sophisticated, their needs increasingly span investing, capital raising and strategic advice. Bringing Wealth Management, Asset Management and Capital Markets together allows us to serve those needs end to end, as one Group.”
Karan Bhagat said, “I am extremely excited to continue to build and accelerate the 360 ONE platform, especially at this stage of our country’s journey. Over the last 18 years, we have built 360 ONE into a trusted partner for India’s wealth creators. This structure lets each of our three businesses be led with sharper focus while we operate as one Group. Aashish brings exceptional financial services depth and an owner’s mindset to building businesses, and along with the founders, will drive the Group’s next phase of growth.”
360 ONE WAM (Formerly known as IIFL Wealth Management) is the wealth and asset management firms managing assets of more than Rs 7.8 lakh crore ($82 billion), and serving over 8,900 families, corporates, and institutions as on 30th June 2026.
Karan Bhagat continues with no change, as the Managing Director of the Company till 26 July 2030, as was approved earlier, and will be eligible to be re-appointed. The Board has additionally appointed Karan Bhagat as the ‘Vice-Chairman and Managing Director' with effect from 15 February 2027.
With this allotment, the paid up equity share capital has increased to Rs. 40,79,14,200/- comprising of 40,79,14,200 equity shares of Re. 1/- each.