The family of late Ved Prakash Arya, founder of Indian private equity fund Milestone Capital, has sought Rs 300 crore from prospective buyers of the company, a business newspaper reported citing an unnamed source with direct knowledge.
Edelweiss Financial Services, Ashmore Investment Management, Arth Veda Capital, a unit of Dewan Housing Finance and L&T Finance are interested in the assets, the report said.
Standard Chartered is advising Milestone on the sale.
The family put Milestone on the block after its founder and chief executive Ved Prakash Arya died last year.
The fund currently manages about Rs 3,600 crore, the report said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app