ICICI Venture transfers its PE, VC, real estate fund management businesses to ICICI Prudential AMC

As of March-end, the ICICI Bank held 51% of the equity share capital of IPru AMC and 100% of the equity share capital of I-Ven

ICICI Venture Funds Management Company has transferred its private equity, venture capital and real estate fund management business to ICICI Prudential Asset Management Company for better business synergy.

The board of directors of both the companies have given in-principle approval for the proposed transactions on Thursday.

I-Ven would continue to undertake certain advisory activities and manage certain residual funds.

The cost of acquisition of the proposed transaction is not expected to be material in the context of IPru AMC’s financial position, said ICICI Bank, the parent of both the companies.

The proposed transaction would enable the offering of an integrated full range of investment asset classes including private equity by IPru AMC.

The transaction will be subject to the receipt of requisite regulatory and other approvals, completion of other procedures and entering into the necessary agreements.

As of March-end, the Bank held 51 per cent of the equity share capital of IPru AMC and 100 per cent of the equity share capital of I-Ven.

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Published on May 9, 2025