Date: 2025-05-20Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves proposed combination involving acquisition of Batlivala & Karani Securities Private Limited and Batlivala & Karani Finserv Private Limited by 360 ONE
**Summary:**
The Competition Commission of India (CCI) has approved the proposed acquisition of Batlivala Karani Securities Private Limited (Target 1) and Batlivala Karani Finserv Private Limited (Target 2) by 360 ONE WAM Limited (Acquirer). 360 ONE is a wealth and asset management firm. Target 1 is involved in equity broking, financial product distribution, investment banking, and research analysis. Target 2 focuses on the distribution of financial products. The acquisition involves the transfer of shareholding from Mr. Saahil Murarka, Batlivala Karani Resources Management (BKRM), and Ms. Swapna Murarka to the Acquirer. As part of the consideration, Mr. Saahil Murarka and BKRM will acquire shares in the Acquirer. A detailed order from the Commission will be released subsequently.
Key Entities Referenced
Competition Commission of India: Regulatory body responsible for approving the proposed combination.
CCI: Abbreviation for Competition Commission of India.
Batlivala Karani Securities Private Limited: One of the targets being acquired; involved in equity broking, distribution of financial products, investment banking and research analysis.
Batlivala Karani Finserv Private Limited: One of the targets being acquired; involved in the business of distribution of financial products.
360 ONE: The acquirer in the proposed combination.
360 ONE WAM Limited: Wealth and asset management firm in India.
360 ONE Acquirer: The acquirer company itself.
India: Country where 360 ONE WAM Limited operates.
Target 1: Refers to Batlivala Karani Securities Private Limited.
Target 2: Refers to Batlivala Karani Finserv Private Limited.
Mr Saahil Murarka: One of the sellers of shareholding in Target 1 and Target 2.
Batlivala Karani Resources Management: One of the sellers of shareholding in Target 1 and Target 2, abbreviated as BKRM.
BKRM: Abbreviation for Batlivala Karani Resources Management.
Ms Swapna Murarka: One of the sellers of shareholding in Target 1 and Target 2.
Acquirer: Refers to 360 ONE
Proposed Combination: Refers to acquisition of shareholding by the Acquirer in Target 1 and Target 2 from Mr Saahil Murarka, Batlivala Karani Resources Management BKRM and Ms Swapna Murarka.
Competition Commission of India
CCI approves proposed combination involving
acquisition of Batlivala & Karani Securities Private
Limited and Batlivala & Karani Finserv Private
Limited by 360 ONE
Posted On: 20 MAY 2025 7:57PM by PIB Delhi
The Competition Commission of India has approved the proposed combination involving acquisition of
Batlivala & Karani Securities Private Limited and Batlivala & Karani Finserv Private Limited by 360 ONE.
360 ONE WAM Limited (360 ONE/ Acquirer) (including its group entities) is a wealth and asset
management firm in India.
Batlivala & Karani Securities Private Limited (Target 1) is, inter alia, engaged in the business of
equity broking, distribution of financial products, investment banking and research analysis.
Batlivala & Karani Finserv Private Limited (Target 2) is engaged in the business of distribution of financial
products.
The proposed combination relates to acquisition of shareholding by the Acquirer in Target 1 and
Target 2 from Mr Saahil Murarka, Batlivala & Karani Resources Management (BKRM) and Ms
Swapna Murarka. As part consideration, Mr Saahil Murarka and BKRM will also acquire certain
shareholding in the Acquirer (Proposed Combination)
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2130047)