ICICI Venture
In a first of its kind legal defamation against private equity firms, a group of non resident Indians have come together to sue ICICI ventures seeking damages for losses on their investments. A total of 69 non residents Indians have issued a joint statement accusing Dynamic India Fund III run by ICICI Venture of misleading [...] Continue Reading »
A number of NRI investors have filed a case in the Mauritius Supreme Court against the ICICI Venture Funds Management Company by accusing the PE firm for misleading them while raising the real estate fund that went to under perform when they had been promised by the fund management company of a certain return. ICICI [...] Continue Reading »
ICICI Venture, one of the largest private equity firms in the country, raised funds of $700 million in 2012. The PE firm successfully closed a $100-million (Rs 500 crore) second real estate fund, the India Advantage Fund Real Estate Series 2. And it managed to raise $700 million through its real estate and other funds. [...] Continue Reading »
Jubilee Hills Landmark will see the light of the day very soon, thanks to Mantri Developers. The project was being handled by joint efforts of Maytas Properties and Satyam Group in Hyderabad. But since Ramalinga Raju was found in the accounting fraud case, the project has been under wraps. Now, Bangalore based Mantri Developers has [...] Continue Reading »
