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ICICI Venture to raise money for real-estate fund

Posted on 20 June 2011

ICICI Venture Funds Management, the private equity arm of India’s largest private sector bank ICICI Bank, plans to raise 7.50 billion to 10 billion rupees ($167 million to $223 million) for its second real-estate fund, the India Advantage Fund Two.
The fund will raise capital from domestic banks and high-networth individuals and focus primarily on residential real-estate projects of mid-sized developers in top-tier cities such as Delhi-National Capital Region, Mumbai, Pune, Bangalore and Chennai……………………………………….Full Article: Source


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