ICICI Bank’s alternative asset arm -- ICICI Venture has divested half of its 13.5 per cent stake in the recently concluded IPO of Go Fashion (India), which owns women's wear brand Go Colors. ICICI Venture, through its fourth private equity fund India Advantage Fund Series 4 (IAF4), had invested Rs 100 crore in Go Fashion for 13.5 per cent stake in 2018. Through the stake dilution, the alternative asset firm made five times return in its investment made in Go Fashion.
ICICI Bank is a leading private sector bank in India.
