ICICI Venture may offload stake in I-Ven Medicare
ICICI Venture is reportedly set to exit a large portion of its healthcare arm I-Ven Medicare India Pvt. Ltd. – which is further a component of its India Advantage Fund Series 2 - and is said to be in talks with Mumbai-based PE firm India Value Fund Advisors (IVFA) to offload a majority stake for an undisclosed amount.
According to local reports, ICICI Venture is expected to retain a stake in I-Ven Medicare, which mainly targets investments in hospitals, following the sale. I-Ven Medicare's key investments have ranged...
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