PE firm Quadria buys Rs 410-crore Milestone Religare Investment

Published: 22nd March 2013 09:52 AM  |   Last Updated: 22nd March 2013 09:52 AM   |  A+A-


Private Equity firm Quadria today acquired Rs 410-crore Milestone Religare Investment Advisors Private Ltd with focus on healthcare and education.

Milestone Religare is an equal joint venture between Milestone Capital and Religare with focus on growth stage private equity investments in two rapidly expanding sectors in India – Healthcare & Education.

Both Milestone and Religare have agreed to sell their 100 per cent shareholding to Quadria Capital Investment Advisors which is owned by Amit Varma, the private equity firm said in a statement.

After completion of the transaction, Milestone Religare Investment Advisors Private Limited would be renamed as Quadria Investment Advisors Private Limited and would continue to supervise the fund in its existing form and shape, it said.

Confirming the development Shachindra Nath, Group CEO of Religare said, "Milestone Religare was established with Late Ved Arya and we along with Milestone have been reviewing the strategic option of transitioning the platform in experienced and stable hands."

Rubi Arya board member at Milestone Religare said, this is a joint decision made by both venture partners Religare and Milestone.

"We believe Quadria is best suited to now steer the fund to give the best return to investors," she said.

Varma has been involved with the Milestone Religare franchise from its inception as part of the Investment committee, Board of Directors of the Investment Manager and the Operational Head, it said.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp