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Non-Tech : ICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote (340)	3/8/2000 8:36:00 AM
From: Mohan Marette	Read Replies (2) of 494

ICICI Ventures hits another jackpot. 08-03-2000 12:41:48 ICICI Ventures' US$2 mil investment in a California-based Internet solutions provider, Niku Corporation has swelled to US$93 mil on the company?s stock getting listed on Nasdaq. This success story follows quick on the heels of its investments in neoforma.com, a Santa-Clara-based company that sells medical supplies on the Internet. Here ICICI Ventures and Trust Co of the West's (TCW) investment of US$2.4 mil had swelled to US$102 mil after the company got listed on Nasdaq. Now, the US$50 mil TCW fund has made around US$200mn from an investment of only US$4.4 mil and is in a unique position to make a huge profit even if all its remaining holdings fail. Niku had priced its IPO at US$24, only to see its price zoom to US$93 after listing. -probity

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