360 ONE Asset Management Gains SEBI ‘No Objection’ to Expand Services in GIFT City
360 ONE Asset Management Limited's (AMC) wholly owned subsidiary, 360 ONE Global Asset Management (IFSC) Limited (GAM), has received a ‘No Objection’ letter from the Securities and Exchange Board of India (SEBI). The approval, granted on May 21, 2026, permits the company to undertake expanded activities through GAM in Gujarat International Finance Tec-City (GIFT City).The ‘No Objection’ status allows AMC to utilize the regulated structure for two key areas of financial services.
The approved activities include:
- Providing management and advisory services to pooled assets. This scope specifically covers offshore funds, insurance funds, pension funds, provident funds, and permitted categories of Foreign Portfolio Investors.
- Offering portfolio management services and advisory services for funds that are not broad based.
In preparation for commencing these expanded operations, AMC plans to infuse necessary capital into GAM. Following this, the company aims to obtain the final registration certificate from the International Financial Services Centres Authority and begin fund and portfolio management activities at GIFT City in due course.
360ONE Stock Price Movement
Shares of 360 ONE WAM LIMITED are edging higher to ₹1115.3 as of 12:02 PM today, climbing 0.31% in live trading. The stock is showing strong buyer interest, trading on a volume of 80,180 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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