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360 ONE WAM Ltd
360 ONE WAM Ltd Company History
360 One Wam mainly provides transaction structuring relating to financial products to its clients. Until the previous year(s) the Company was engaged in services relating to financial products distribution, advisory and portfolio management services by mobilising funds and assets of various classes of investors including High Net worth Individuals.
2011
Acquisition of Finest Wealth Managers Private Limited (later renamed as IIFL Distribution Services
Limited) adding AUM worth ? 17,000 million
2012Â
Crossed the ? 250,000 million AUM threshold
2011
2013
Acquisition of India Infoline Asset Management Company Limited and India Infoline Trustee Company
Limited
2014Â
Launched an alternative investment fund Acquisition of IIFL Inc., IIFL (Asia) Pte. Limited, IIFL Private Wealth Management (Dubai) Limited, IIFL Private Wealth Hong Kong Limited, IIFL Asset Management (Mauritius) Limited, and IIFL Private Wealth (Suisse) SA
2015Â
Investment by General Atlantic Singapore Fund Pte. Limited in our Company
2013
2016
Acquisition of Chephis Capital Markets Limited, investment of $9 billion in the entity, later renamed as
IIFL Wealth Finance Limited
2017Â
Launched the $1 billion fund, IIFL Special Opportunities Fund
2016
2018
Investment by Steadview Capital Mauritius Limited, ABG Capital, LTR Focus Fund, HDFC Standard Life
Insurance Company, Rimco (Mauritius) Limited Amansa Holdings Private Limited, and WF Asian
Reconnaissance Fund Limited along with further investment by General Atlantic Singapore Fund Pte.
Limited
Acquisition of Wealth Advisors (India) Private Limited (later renamed as IIFL Wealth Advisors (India)
Limited) and Altiore Advisors Private Limited (later renamed as IIFL Altiore Advisors Limited)
2018
2019
The Company hereby submits the following:
i.IIFL Wealth Advisors (India) Limited, the Transferor Company, a wholly owned subsidiary of IIFL Wealth Management Limited('Company' or 'Transferee Company') had filed a Scheme of Amalgamation seeking sanction of the Chennai Bench and Mumbai Bench of the National Company Law Tribunal, respectively, wherein it was proposed to amalgamate the Transferor Company with the Transferee Company;
ii.The Transferor Company and the Company have received the copies of the final order from the Chennai Bench and Mumbai Bench of the National Company Law Tribunal, respectively;and
iii.Subsequent to the above, the Company and the Transferor Company have filed requisite forms with the Registrar of Companies to make the Scheme effective today i.e.December 27, 2019.
Accordingly,IIFL Wealth Advisors (India) Limited stands amalgamated with IIFL Wealth Management Limited, effective today i.e.December 27, 2019;
2019
2020
The company would like to inform that IIFL Wealth Finance Limited has completed the acquisition of 100% of the paid- up share capital of L&T Capital Markets Limited (LTCM) on a fully diluted basis from L&T Finance Holdings Limited on 24 April 2020. Accordingly, with effect from 24 April 2020, LTCM has become a wholly owned subsidiary of the Company.
2020
2021
IIFL Wealth Management announced that the meeting of the Resource Raising Committee of the Company is scheduled to be held on Thursday, 18 November 2021, to inter-alia consider the offer and issue of secured redeemable non convertible debentures upto Rs. 250 crore (including but not limited to principal protected market linked/non-principal protected/structured product/ fixed coupon/deep discount/zero coupon) by the Company on a private placement basis.
Presently the distribution of financial products businesses of IIFL Wealth Management Limited are carried on under three wholly owned subsidiaries viz. IIFL Wealth Capital Markets Limited ('IWCML') and IIFL Wealth Prime Limited ('IWPL') and IIFL Wealth Distribution Services Limited ('IWDSL').
With a view to consolidate the above distribution businesses under a single wholly owned subsidiary, The company is proposed to demerge the distribution business from IWPL and IWCML to IWDSL.
2021
2023
The Company has issued Bonus Shares in the Ratio of 1:1.
The Company has splits its face value from Rs. 2/- to Rs. 1/-.
The Company name has changed to 360 One Wam Ltd. from IIFL Wealth Management Ltd.
2023