Indian asset manager 360 One Wam rises on acquiring VC firm

360 One Wam

22/12/2023 06:33

** Shares of 360 One Wam  ONEW.NS  rises as much as 4.6% to
664.85 rupees
    ** Wealth and asset manager said it entered into an
agreement to buy remaining 9% stake in venture capital firm MAVM
Angels Network for 45.2 mln rupees ($542,959.25)
    ** Stock above 100- and 200-day avgs since late-June
    ** Including session's gains, ONEW up 47.3% YTD; on track to
gain for third consecutive year



($1 = 83.2475 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))