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ICICI Bank Treads Into ICICI Ventures Turf, Plans A $200M SME Focussed PE Fund

Posted on August 19, 2008

After lending to the small and medium enterprises (SME), ICICI bank, the country's largest private lender will take equity positions in these companies. ICICI Bank is reportedly planning to set up a small and medium enterprises (SME) focussed private equity fund of $200 million. The proposed SME focussed fund would look at sectors like pharmaceuticals, jewellery, textile and capital goods.ICICI bank has been making private equity investments through its venture arm, ICICI Venture. Now the bank would start taking equity positions in the SME space by itself. Sanjiv Sherawat, head of business ...

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