💡 Subsidiary acquiring Quark Solar to expand into renewable energy EPC & O&M business.
What Happened
360 ONE WAM Limited announced that its wholly-owned subsidiary, 360 ONE Alternates Asset Management Limited, has approved the acquisition of 100% equity share capital of Quark Solar Private Limited. The acquisition is for a total cash consideration of ₹9.38 crores. A Share Purchase Agreement has been executed, and the transaction is expected to be completed within a month, subject to customary conditions.
Key Details
- Company: 360 ONE WAM LIMITED
- Event Type: M&A
- Filing Date: 20-Apr-2026 21:33:14
- NSE Filing: View Document
Why It Matters
This acquisition marks 360 ONE WAM's strategic entry into the renewable energy infrastructure space. Quark Solar operates in the Engineering, Procurement, and Construction (EPC) and Operations & Maintenance (O&M) segment for renewable energy projects, primarily serving commercial and industrial customers across India. The move allows 360 ONE's subsidiary to establish an operating platform for its planned renewable energy-focused funds, diversifying its asset management business into a high-growth sector. The transaction is not a related party transaction and is being conducted on an arm's length basis.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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