360 ONE WAM Subsidiary Acquires Quark Solar for ₹9.38 Crore
360 ONE WAM's subsidiary will acquire Quark Solar Private Limited for ₹9.38 crore cash. Quark Solar provides EPC and O&M solutions in renewable energy. The acquisition is expected to be completed within a month and will make Quark Solar a step-down subsidiary.
The acquisition amount of ₹9.38 crore is material for a subsidiary-level transaction and contributes to the company's strategic focus on the renewable energy sector, which could have a medium-term impact on its business operations and growth.
The acquisition of a company in the renewable energy sector is a positive development for 360 ONE WAM LIMITED, indicating strategic expansion and diversification.
360 ONE WAM LIMITED announced that its wholly owned subsidiary, 360 ONE Alternates Asset Management Limited, has approved the acquisition of the entire equity share capital of Quark Solar Private Limited. The acquisition, for a total purchase consideration of ₹9.38 crore (Rupees nine crore thirty eight lakh fifty thousand only) to be discharged in cash, was approved at a board meeting held on April 20, 2026.
Following the approval, the subsidiary entered into a Share Purchase Agreement (SPA) with the existing shareholders of Quark Solar. Upon completion of the SPA, Quark Solar will become a step-down subsidiary of 360 ONE WAM LIMITED. Quark Solar is engaged in EPC and O&M solutions for the renewable energy sector, serving commercial and industrial customers across India. Its turnover as of March 31, 2026, was ₹17.13 crore. The acquisition is intended to position Quark Solar as an operating entity for various SPVs under the acquirer's renewables strategy. The acquisition is expected to be completed within a month, subject to customary conditions precedent. The acquisition does not involve related party transactions, and no promoters or group companies of 360 ONE WAM LIMITED have any interest in Quark Solar.
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360 ONE WAM LIMITED filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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