360 ONE WAM acquires ET Money, a wealth advisory platform, in a cash and share deal for Rs 366 crore.
360 ONE WAM, a wealth management firm, acquires Times Internet's wealth advisory platform ET Money for Rs 366 crore in a cash and share swap deal. The acquisition provides 360 ONE with access to a larger wealth management market, as ET Money caters to this sector. ET Money has 900k transacting users, 100k revenue-generating users, and tracks an overall Asset Under Management (AUM) of Rs 70k crore.
June 12, 2024
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