Aven­dus to Ac­quire UK-based Ocean Dial Mgmt

The Economic Times - - Companies: Pursuit Of Profit -

Fi­nan­cial ser­vices firm Aven­dus Cap­i­tal said it is ac­quir­ing UK-based Ocean Dial As­set Man­age­ment, a move which will help boost its as­set man­age­ment busi­ness and bring in clients from other parts of the world. Ocean Dial cur­rently man­ages as­sets worth 450 mil­lion pounds in long only In­dia eq­ui­ties, across three funds. The deal value was undis­closed. Aven­dus has been con­sis­tently mak­ing ef­forts to bol­ster its as­set man­age­ment busi­nesses.

MUM­BAI

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