Avendus Capital to acquire the institutional equities business of Spark Capital.

Avendus Capital, the investment banking arm of Avendus Group, agreed to acquire the institutional equities business of Spark Capital, a financial advisory firm. Financial terms are not disclosed. “Spark has built one of the most respected Institutional Equities businesses in India, backed by a strong management team, led by Ganeshram. We always want to bring the best to our clients and after careful consideration we have partnered with Spark’s management team. Their focus on knowledge, excellence, talent and doing the right thing resonates very much with our DNA. With this partnership, we will be significantly enhancing our service offerings to our Investment Banking and Wealth clients,” Gaurav Deepak, Avendus Capital Co-founder and CEO.