360 ONE WAM LIMITED Acquires 15% Stake in Maple Infra InvIT Investment Manager

360 ONE WAM LIMITED (“Company”) is acquiring Maple Infra InvIT Investment Manager Private Limited (“Maple”). Key details of this acquisition are as follows:

• 360 ONE AAM, a wholly-owned subsidiary of 360 ONE WAM LIMITED, will acquire a 15% stake in Maple for ₹5,04,30,282.75, equivalent to ₹2.25 per share.
• Maple serves as an investment manager for infrastructure investment trusts (InvITs).
• It manages the Maple Infrastructure Trust (formerly Indian Highway Concessions Trust), a SEBI-registered infrastructure investment trust.
• Maple Infrastructure Trust operates over 1,200 lane kilometers of road assets across India.
• Several schemes under 360 ONE Private Equity Fund, managed by 360 ONE AAM, are already invested in units of Maple Infrastructure Trust.
• The acquisition is categorized as a minority financial investment by 360 ONE.
• This is not a related-party transaction, as no promoters, promoter groups, or group companies of 360 ONE WAM LIMITED have interests in Maple.
• No regulatory or governmental approvals are required to complete this acquisition.
• The transaction is set to conclude on or before December 20, 2024.
• Payment for the acquisition will be made in cash via banking channels.

This acquisition enhances 360 ONE’s involvement in the infrastructure investment sector. The company’s existing investments in Maple Infrastructure Trust through its private equity fund signal a strategic effort to strengthen its footprint in this space.