360 ONE WAM LIMITED announced the incorporation of its step-down wholly owned subsidiary, '360 ONE Global Asset Management (IFSC) Limited', on December 23, 2025. This new entity, registered in Gujarat International Finance Tec-City (GIFT City), will focus on carrying out fund management business. The incorporation follows a previous intimation on November 20, 2025, regarding the establishment of a wholly owned subsidiary by 360 ONE Asset Management Limited (AMC) for this purpose. The new subsidiary's business activities will include portfolio management services and acting as an investment manager for funds within GIFT City. This venture is not outside the company's main line of business. The company expects to seek necessary regulatory approvals from authorities such as SEBI and IFSCA to commence its investment management operations. This entity was incorporated by AMC and is not an acquisition from a third party, thus not involving any cash consideration, share swap, or related party transactions. The company has confirmed that neither the promoter nor group companies have any interest in this new entity. The subsidiary is yet to commence business operations and therefore has no turnover history for the last three years.