360ONE acquired 100% of B&K Securities recently for a consideration of Rs 18.84 billion.
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B&K acquisition is a strategic fit for 360ONE as it will enhance its business in multiple ways: it will provide equity advisory to existing clients; corporate advisory of B&K will benefit from the product portfolio of 360ONE; and the corporate relationships of 360ONE will help to scale up the international business business. The deal is likely to be EPS-accretive by 3-5%.