360 ONE has approved the transfer of its Alternative Investment Funds (AIF) Business from its subsidiary, 360 ONE Portfolio Managers Limited (PML), to another wholly-owned subsidiary, 360 ONE Alternates Asset Management Limited (AAM). This strategic move aims to consolidate the AIF business under a dedicated entity, which is expected to result in a larger investment platform, sharper business focus, and improved operational efficiency. The transfer will be conducted on a going concern and slump sale basis.
Strategic Business Realignment
In a significant strategic move, the board of directors of 360 ONE Portfolio Managers Limited (PML) has approved the transfer of its Alternative Investment Funds (AIF) Business. This business will be moved from PML to another wholly-owned subsidiary, 360 ONE Alternates Asset Management Limited (AAM). This decision follows an earlier intimation on April 18, 2026, where the transfer was initially planned from PML to 360 ONE Asset Management Limited (AMC).
Consolidation and Efficiency Gains
The proposed Business Transfer is designed to consolidate the alternative investment funds under a more focused platform. This consolidation is anticipated to yield a larger investment platform, allowing for sharper strategic focus on the AIF segment and driving operational efficiencies. The transfer will be executed on a going concern and slump sale basis for a lump sum consideration not less than the net book value of the business, subject to adjustments and necessary approvals.
Key Approvals and Rationale
The board of directors of AAM has formally approved the acquisition of the AIF Business from PML. Concurrently, the board of AMC has noted the withdrawal of the initially proposed transfer to their entity. The company emphasized that since both PML (Transferor) and AAM (Transferee) are wholly-owned subsidiaries, this internal transfer is not prejudicial to the interests of investors, creditors, or shareholders. It also confirms that the transfer does not benefit the promoter group and does not alter the shareholding structure of any of the involved entities.
Source: BSE
