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Article: India: ICICI Venture plans to raise $800 million.
- Article from:
- TendersInfo
- Article date:
- September 11, 2009
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Byline: shiv03
ICICI Venture Funds Management Co. Ltd, the private equity (PE) subsidiary of India s largest private sector lender, is ready to float a $500 million (Rs2,420 crore) equity fund with an option of retaining another $300 million, its first attempt to raise money from investors after the exit of its high-profile former chief executive officer (CEO) Renuka Ramnath.
ICICI Bank Ltd will chip in with 10% of the size of the fund. The PE firm has also received commitments of about Rs1,000 crore from domestic institutional investors and high networth individuals.
Four months into her new assignment, Vishakha Mulye, ICICI Venture s new ...