The Dandekar family, owners of 80-year-old office stationery manufacturer Camlin, is in talks with private equity major India Value Fund to sell a part of its shareholding, according to India’s Economic Times.

The newspaper reported people close to the family saying that the talks with Camlin, a leader in office and school stationery and an iconic brand for most school going children in India, could eventually lead to a gradual divestment by the Mumbai-based family, which is seeking to professionalise the company management.