360 ONE WAM Amends SPSSA Regarding Lock-in Terms for Allottees in 360 ONE Capital Acquisition

360 ONE WAM Amends SPSSA Regarding Lock-in Terms for Allottees in 360 ONE Capital Acquisition​

360 ONE WAM LIMITED has amended its Share Purchase and Share Subscription Agreement (SPSSA) concerning the acquisition of 360 ONE Capital Market Private Limited, which was formerly Batlivala & Karani Securities India Private Limited. The amendment relates specifically to the lock-in conditions for shares allotted to designated allottees.

The SPSSA related to the acquisition set certain terms regarding a lock in the shares allocated to Mr. Saahil Murarka and Batlivala & Karani Resources Management Private Limited, referred to as the Allottees. These original terms included a requirement for periodic release of shares amounting to 20% of their respective individual shareholding on an annual basis.

In response to a request from the Allottees, the company has now authorized a change in the lock-in structure. Through an amendment agreement executed with the Allottees on July 28, 2026, 360 ONE WAM LIMITED permitted the maintenance of the share lock-in on an 'aggregate basis' rather than based on an individual basis.

Despite this modification to the lock-in methodology, all other conditions under the SPSSA remain unchanged. This includes the aggregate number of shares held by the Allottees and the overall lock-in period stipulated in the agreement.

360ONE Stock Price Movement​

Today, shares of 360 ONE WAM LIMITED shed 0.59%, settling at ₹1128.3 after the market close. The equity saw a trading volume of 617,932 shares during the session.