360 ONE WAM Limited amends share purchase agreement regarding lock-in shares.
360 ONE WAM Limited amended its Share Purchase and Share Subscription Agreement regarding the acquisition of 360 ONE Capital. The lock-in of shares for Mr. Saahil Murarka and Batlivala & Karani Resources Management Private Limited will now be maintained on an aggregate basis instead of an individual basis.
The amendment is a procedural change to the lock-in mechanism for specific shareholders and does not introduce new financial commitments, revenue streams, or significant strategic shifts for the company.
The amendment relates to the structuring of a lock-in period for shares and does not materially alter the financial terms or control of the company. It is a procedural adjustment.
360 ONE WAM LIMITED has executed an amendment to the Share Purchase and Share Subscription Agreement (SPSSA) concerning the acquisition of 360 ONE Capital Market Private Limited (formerly Batlivala & Karani Securities India Private Limited).
This amendment pertains to the lock-in of shares allotted to Mr. Saahil Murarka and Batlivala & Karani Resources Management Private Limited as part of the acquisition. Previously, the SPSSA stipulated a periodical release of shares, with 20% of each individual's shareholding being released annually. Following a request from the allottees, the company has now permitted the maintenance of the lock-in on an 'aggregate basis' instead of an 'individual basis' through an amendment agreement executed on July 28, 2026. All other terms and conditions of the SPSSA, including the total number of shares held by the allottees and the overall lock-in period, remain unchanged.
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360 ONE WAM LIMITED filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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