Mumbai, January 27, 2025: 360 ONE WAM, India’s premier wealth and asset manager, has entered into a definitive agreement to acquire Batlivala & Karani Securities India Private Ltd [B&K] and Batlivala & Karani Finserv Private Ltd for Rs 1,884 crores (inclusive of Rs 200 crores of cash and cash equivalent). B&K is a leading mid-cap brokerage, servicing almost all leading Foreign and Domestic Financial Institutions. The company is a full-service broker dealing with institutional investors and also offers corporate treasury services to its set of clients, serviced by a team of over 300 professionals.
B&K is a pioneer in providing independent and unbiased research with a coverage of over 450 companies making it a leader in the mid and small cap space.
The acquisition, structured as a combination of a stock swap and part-cash transaction, is subject to regulatory approvals. Once complete, this strategic acquisition will help 360 ONE bolster its Broking Platforms across all market segments (UHNI, HNI, Retail, Institutions) along with growing its Equity Capital Markets business to serve its existing client base. Additionally, B&K’s strong presence in the corporate treasury segment is another area of synergy for 360 ONE’s client base.
As part of the transaction, Saahil Murarka, Managing Director, at B&K Securities will also become a part of the 360 ONE Group and lead the Broking and Capital Markets business.
Karan Bhagat, Founder, Managing Director & CEO, 360 ONE WAM Ltd., stated, “This partnership marks a pivotal moment for both our firms. This acquisition strengthens our position as a market leader, enabling integration of research, advisory, and execution capabilities across a wider spectrum of services. We are excited to work with Saahil and his team to grow this business line and deliver better value to our institutional, corporate, and ultra-high-net-worth clients.”
Saahil Murarka, Managing Director, B&K Securities said, “We are incredibly proud of B&K’s history and heritage as one of India’s oldest financial services institutions. This partnership with 360 ONE WAM is a natural progression for us, combining the best our organisations have to offer. B&K’s expertise in equities, institutional and corporate financial services with 360 ONE’s comprehensive wealth management and asset management capabilities. We look forward to working closely and continuing to deliver exceptional service to our clients.”
About 360 ONE
360 ONE is one of the leading wealth and asset management firms in India. 360 ONE is the investment and financial advisor to 7500+ relevant families in the High Net Worth Individuals (HNI) and Ultra HNI segments, with aggregate assets of more than INR 5,79,000 crores (~USD 68 bn) under management.
360 ONE is one of the pioneers in the industry to bring about product innovations. The firm has won more than 170 awards of repute in the last 16 years, and its latest win includes Best Private Bank, India at the Asian Private Banker Awards for Distinction 2024 for the second year in a row. The earlier awards include India’s Best Domestic Private Bank at Euromoney Global Private Banking Awards 2024, Best Domestic Private Bank, India at Asiamoney Private Banking Awards 2023 and Best Private Bank for HNWIs, India at The Asset Triple A Private Banking and Wealth Management Awards 2023.
Headquartered in Mumbai, 360 ONE has 1200+ employees and a presence in 5 major global financial hubs and 27 locations in India.
About Batlivala & Karani Securities India Private Ltd [B&K Securities ]
B&K Securities is a SEBI-registered Category I Merchant Banker, offering professional, independent, and research-backed services across institutional equity broking, investment banking, mutual fund distribution, private equity. The firm caters to a diverse clientele, including large corporates, Domestic and Foreign Investors, start-ups, and other financial institutions.
