India's ICICI Venture to shift PE, real estate funds businesses to ICICI Pru AMC
MUMBAI (Reuters) -India's ICICI Venture Funds Management has approved transferring its private equity and real estate fund management businesses to ICICI Prudential Asset Management, their parent ICICI Bank said on Friday. The move is aimed at consolidating investment offerings under ICICI Prudential AMC, so it can provide a full suite of asset classes, including private equity, the bank said in an exchange filing. Following the transaction, ICICI Venture Funds will continue to provide certain advisory services and manage residual funds.