B&K Sikyo. Will acquire 360 ​​Forest Waims for Rs 1,884 crore

Wealth and Asset Manager 360 One Vaim Brokerage House will acquire Batliwala and Karani Securities and Bataliwala and Karani Finserv for Rs 1,884 crore. The company gave this information on Monday.

The agreement for the acquisition includes cash and cash equivalent worth Rs 200 crore. B&K is the leading midcap brokerage that serves foreign and domestic financial institutions. Sahil Murarka, Managing Director of B&K Securities, will be part of the 360 ​​Forest Group and will lead the broking and capital market business after the transaction.

This deal is yet to get regulatory approval. The company said, B&K has a significant presence in the corporate treasury segment. In the third quarter of FY 25, the net profit of 360 forests was Rs 276 crore, which is 44 percent more than the previous year.

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