On May 29, 2025, the Stakeholders Relationship Committee of the Board of Directors of 360 ONE WAM LIMITED approved the allotment of 33,33,333 warrants.
These warrants were allotted on a preferential basis to Mr. Saahil Murarka.
The Warrant Exercise Price is ₹1,174.76 per warrant, for cash consideration.
The Company has already received ₹97,89,66,568.77 (Rupees ninety seven crores eighty nine lakhs sixty six thousand five hundred and sixty eight paise seventy seven only), which represents 25% of the Warrant Exercise Price, from the allottee.
This allotment follows earlier intimations and approvals, including the Extraordinary General Meeting held on February 25, 2025, and receipt of necessary statutory approvals on May 21, 2025.
Each warrant carries a right and option to subscribe up to one fully paid-up equity share of the Company, each having a face value of Re. 1.