Wednesday, December 27, 2006

ICICI Ventures plans bigger investments

Dec 26, 2006

ICICI Ventures, the private equity arm of ICICI Bank, and one of India’s leading private equity firms, is planning to raise the size of investments, to counter competition from other PE firms, banks, securities markets, hedge funds and other investment sources to fund Indian companies as accelerating economic growth pushes up stock valuations. Where earlier the size of investments would range around $25-30 mn, the firm now intends to buy stake as large as $125 mn.

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