ICICI Venture, an alternate investment arm of top private sector lender ICICI Bank, is reportedly planning to invest $20 million to acquire a significant stake in Theobroma. The investment will mark the third transaction from ICICI Venture. Early last year, ICICI Venture announced its first close of $190 million, subsequently reached $350 million with the participation of a large global sovereign wealth fund and a leading European institution.
ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank’s consolidated total assets stood at $ 144.7 billion at September 30, 2016.
