360 ONE WAM promoters, employees cash in on post-UBS deal rally, sell shares worth Rs 483 crore

The 360 ONE WAM stock has surged nearly 26 percent since April 22, when the acquisition was announced, closing at Rs 1,199.30 on the BSE on July 16. This spike in value appears to have provided an opportune moment for many stakeholders to monetise their holdings, given the significant appreciation in share price.

Three months before the announcement, the stock had declined 16.5 percent. In the 12-month period prior to the deal, the stock grew by 23.83 percent, lower than the 26 percent gains in the past three months.

Stock exchange data reviewed by Moneycontrol shows that employees have sold shares worth Rs 108.36 crore since the deal announcement.

The volume of insider selling post the UBS deal represents a substantial 2.7 times jump compared to the Rs 178 crore worth of shares sold by insiders in the three-and-a-half months preceding the deal — between January 1 and April 21, 2025.

In this pre-deal period, promoter sales stood at Rs 135.11 crore, while employee share sales were much lower at Rs 43.38 crore.

The contrast in the volume of sales before and after the UBS deal indicates that the announcement and subsequent rally may have acted as a catalyst for monetisation.

"Promoters of 360 ONE sold less than 10 percent of their total shareholding," a spokesperson for 360 ONE WAM said in an email response to Moneycontrol’s queries.

As of May 27, the promoter and promoter group shareholding in the company stood at 7.08 percent, stock exchange data shows.

“Share sales by employees are in normal course as per our understanding,” the spokesperson added.

The UBS deal

The Rs 307-crore acquisition of UBS's Indian wealth management, stock broking, portfolio management, distribution operations, and the residual loan portfolio of wealth management clients is expected to help consolidate 360 One WAM’s leadership in the space, giving it access to a wider client base and deeper broking capabilities.

The acquired business had about Rs 26,000 crore in assets under management as of December 2024.

UBS will receive about a 4.95 percent equity stake in 360 ONE WAM through issuance of warrants priced at Rs 1,030 apiece, a 14 percent premium to the firm’s stock price at the time of the deal announcement.

On July 8, 360 ONE WAM announced it had received Competition Commission of India's approval for the acquisition of UBS' wealth and related businesses.

Also Read: 360 ONE WAM, UBS ink wealth management deal; UBS to acquire warrants equal to 4.95% stake in firm

Shares sales by insiders in 2024

Insider sales in the previous quarters were also markedly lower compared to the recent trading.

In the October-December period, total insider share sales, including those by promoters and employees, amounted to Rs 131.45 crore.

In the September quarter, the figure was a little higher at Rs 209.08 crore. Both quarters pale in comparison to the post-UBS deal activity.

While insider share sales are not unusual and may be driven by personal liquidity needs or portfolio rebalancing, large-scale selling following a major stock rally can often draw investor attention.

Such transactions, especially when executed by promoters, key management personnel and employees, are closely watched for signals on how the insiders view the company’s valuation and future trajectory.

To be sure, even though 360 ONE WAM employees have sold a significant amount of shares compared to the previous quarters, data shows that those employees who offloaded their shares recently, continue to hold on to more than 75 percent of their holdings.

At 12.22 pm, the stock was trading at Rs 1.202.6 on the National Stock Exchange, up 0.42 percent from the previous close.