icici venture
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
Districts ~ State Politics ~ District Officials ~ Tollywood ~ Telangana News Online ~ Praja Rajyam Online
Home / State News / 2010 / June 2010 / June 1, 2010
ICICI Venture to raise Rs 1,000 crore
RSS / Print / Comments


ICICI Venture to raise Rs 1,000 crore
To finance real estate residential projects in six to seven cities

ICICI Bank introduces B2-Branch free Banking
To offer all banking services via online banking

ICICI Bank launches iMobile service
Account holders can transfer funds to ICICI or non-ICICI bank accounts

Money goes missing from Bank Account
ICICI Bank detected missing of Rs.2,79,445 of a customer

Police arrests four persons for death of ICICI Bank defaulter
Arrested include three partners of Elite Financial Services

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Trinamool accuses CPI (M), police of harassing and arresting party workers

Airline captain dies while flying plane from Philippines to Qatar

Russell Brand and Katy Perry want their wedding to be 'normal'

Foreign investors eyeing India to avoid West's economic doldrums

Anjali Tendulkar expresses happiness over Sachin's double century against Australia

Yoga may have the power to fight fibromyalgia

Watermelon effectively lowers BP

ICICI Venture to raise Rs 1,000 crore

To finance real estate residential projects in six to seven cities

ICICI Venture plans to raise Rs.1,000 crore within a month to finance real estate residential projects in six to seven cities. Speaking to media persons on the sidelines of a function to commission the first phase of WaveRock project developed by Tishman Speyer India Pvt.Ltd. In partnership with ICICI Venture at IT SEZ at Nanakarmguda on Tuesday, ICICI Venture President Sanjeev Dasgupta said the fund would be raised from high net worth individuals and projects in the range of 50 to 70 crore would be financed.

Dasgupta said the total amount to be raised would include Rs.500 crores as greenshoe option. He said the returns in three to four years would be around 20 percent for companies and investors. He further added that ICICI Venture had recently raised $550 million as private equity fund and had already committed $350 million for various projects.

Chairman and co-CEO of Tishman Speyer Jerry Speyer said that several projects of his company were in the pipeline including Mumbai and Delhi. He said the firm had more than adequate capital for India operations.

Andhra News

Link to this page

Suggested pages for your additional reading
AndhraNews.net on Facebook

© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us