ICICI Bank Planning To Raise Three Billion Dollars From Its Two Funds

ICICI Venture, the private equity fund subsidiary of the ICICI Bank, is planning to raise about three billion dollars from its two funds, including a real estate fund. The equity fund of 1.5 billion dollars, will make investment in the knowledge sector and domestic consumption led sectors like retail, services among others. The real estate fund of similar size will infuse in both residential and commercial properties in the country.