-12.90 (-1.01%) ICICI Venture, a wholly owned subsidiary of ICICI Bank is reportedly planning to sell its 67% stake in Kolkata-based healthcare firm Medica Synergie to Quadria Capital for Rs 160 crore. ICICI Venture had invested about Rs 90 crore to acquire two-thirds in Medica Synergie in 2007-2008. The deal will help Quadria Capital to consolidate and grow hospital assets in a growing market like India.
ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.