Monitoring agency report: no deviation from issue objects, no funds called or utilised in the quarter
CARE Ratings monitoring agency report for the quarter ended September 30, 2026, on the ₹2,111.80 crore preferential issue of equity convertible warrants.
By ScoutQuest · · 2 min read
- Issue Size
- ₹2,111.80 crore preferential issue of equity convertible warrants
- Funds Called or Utilised in Quarter
- No funds were called or utilised during the quarter
- Market Price per Share (Sep 30, 2026)
- ₹1,030.00
What the update is
360 ONE WAM has submitted the monitoring agency reports of CARE Ratings Limited for the quarter ended September 30, 2026, in relation to its preferential issue of equity convertible warrants. The issue size is ₹2,111.80 crore.
What the agency reports
- No funds were called or utilised during the quarter.
- No deviation from the objects of the issue; range of deviation is not applicable.
- No major deviation observed over the earlier monitoring agency reports.
- All utilisation is as per the disclosures in the offer document, based on the documents reviewed.
- No change in the means of finance for the disclosed objects.
- No favourable or unfavourable events affecting the viability of the objects.
Where the money is earmarked
The EGM-approved allocation of the ₹2,111.80 crore is
- ₹400.00 crore: investment in the form of debt or equity in the broking business in subsidiary(ies) registered with SEBI as a stockbroker
- ₹1,000.00 crore: investment in the form of debt or equity in wholly owned subsidiary 360 ONE Prime Ltd.
- ₹200.00 crore: investment in the form of debt or equity in wholly owned subsidiary 360 ONE Alternates Asset Management Ltd.
- ₹511.80 crore: other general corporate purposes
Price reference
The market price per share as on September 30, 2026 was ₹1,030.00, which the report notes is in line with the price offered for the warrant issue.
How to read this
For a shareholder, this is a periodic update on how a large fund raise is being used. The report records the objects and the means of finance as unchanged, with no funds called or utilised in the quarter, so the picture on deployment carries the same cost heads that were approved earlier. The market price at the end of the quarter and the price offered for the warrant issue are shown at the same level.
Terms worth knowing
A monitoring agency is appointed for large issues to independently track whether the money raised is used for the stated purposes. Warrants are instruments that can later be converted into equity shares; the issue here is of equity convertible warrants.
Also from 360 ONE WAM
~2.05 crore equity shares allotted to UBS AG on conversion of all its warrants at Rs. 1,030/- each
22 Oct 2026
Q2 FY27 call: total AUM ₹9 lakh crores, ARR AUM up 19.7%, second interim dividend of 7.5 per share
21 Oct 2026
Second interim dividend of Rs. 7.5 per share; tax at source, record date October 23, 2026
16 Oct 2026
More numbers
- Gross proceeds of the preferential issue₹2,111.80 crore
- Market price per share as on September 30, 2026₹1,030.00
- EGM-approved cost: broking business subsidiary400.00
- EGM-approved cost: 360 ONE Prime Ltd.1,000.00
- EGM-approved cost: 360 ONE Alternates Asset Management Ltd.200.00
- EGM-approved cost: other general corporate purposes511.80
- Total cost of objects (approved in EGM)2,111.80
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