Moneycontrol PRO
HomeNewsBusinessMarkets360 One WAM board approves fundraise of worth Rs 2,250 crore via QIP

360 One WAM board approves fundraise of worth Rs 2,250 crore via QIP

360 One Wam Ltd share price traded under pressure in Thursday's trade to quote at Rs 1,061.25 per share on the NSE, down 1.85 percent.

September 19, 2024 / 11:38 IST
360 One WAM board approves fundraise of worth Rs 2,250 crore via QIP
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    360 One WAM board has approved a fundraise worth Rs 2,250 crore through a Qualified Institutions Placement (QIP) in one or more tranches, the company informed the shareholders through an exchange filing.

    "A meeting of the board of directors was held today i.e. September 19, 2024, has, inter-alia, approved raising of funds by issue of such number of equity shares of the Company of face value Re. 1/- each, for an aggregate amount not exceeding Rs. 2,250 Crores," the company said in a statement.

    360 One Wam Ltd (formerly known as IIFL Wealth Management Limited) share price traded under pressure in Thursday's trade to quote at Rs 1,061.25 per share on the NSE, down 1.85 percent.

    (Copy will be updated shortly) 

    Paras Bisht
    first published: Sep 19, 2024 11:38 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347