KKR-controlled Avendus Capital is open to acquisitions in the asset management industry and its chief Alok Vajpeyi is quite gung-ho about it.
"We are open to acquisitions in the asset management space and we are also looking to expand our financial services portfolio," Vajpeyi, Chairman, Avendus Capital Public Markets Alternate Strategies LLP, told Moneycontrol.
According to sources, the company is exploring the possibility of acquiring IDFC Asset Management Company. Sources told Moneycontrol that Avendus is in the final stage of discussions to acquire IDFC Asset Management Company.
