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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Gaddafi fund gains $10 mln from ICICI Bank investment

Posted on 08 June 2011

ICICI Bank has emerged as the single Indian entity considered worth investing by Libyan dictator Muammar Gaddafi and the investment has given an impressive return of over 25 per cent in past one year alone.
As per the investment portfolio of Libyan Investment Authority, a sovereign fund controlled by Gaddafi, it had invested USD 29.6 million in the ICICI Bank ADRs ( American Depository Receipts), the US-listed securities of India’s largest private sector bank………………………………………..Full Article: Source


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