Bain Capital-led BC Asia Investments X Ltd. is likely a seller in the block deal.
On Monday, July 21
, CNBC-TV18 had reported, citing sources, that BC Asia Investments X Ltd was likely to sell around 1.5 crore shares, or a 3.7% stake, in the wealth and asset management firm.
The seller will be subject to a 120-day lock-up period following the transaction, the document said. The deal is being arranged by JPMorgan, according to the term sheet.
At the end of the June quarter, BC Asia Investments held 21.9% stake in the company.
BC Asia Investments is a special-purpose vehicle indirectly held by a consortium of investors, including Bain Capital Investors LLC, Bain Capital Credit, and the Canada Pension Plan Investment Board (CPPIB).
In 2022, BC Asia Investments X acquired up to a 24.98% stake in 360 ONE WAM from General Atlantic Singapore Fund Pte. Ltd, making it a major shareholder in the company.
Shares of 360 ONE WAM Ltd. were down 6.13% at ₹1,146.3 apiece at 9.45 am on Tuesday, July 22. The stock has declined 10.2% this year, so far.
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First Published: Jul 22, 2025 9:33 AM IST
