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Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Amit N. Sangani who wrote (47)	1/30/2000 4:07:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 494

ICICI Venture picks up minority stake in Biocon for $4m Amit: Certainly worth keeping an eye on it. =============== 30 JANUARY ICICI Venture has acquired an undisclosed minority stake in the Bangalore-based Biocon India Group by investing $4m. Speaking at the inauguration of Biocon's new state-of-the-art submerged fermentation plant, Kiran Mazumdar-Shaw, chairperson and managing director of Biocon Group, said the proceeds from the ICICI investment will be used mainly for expansion and commercialisation of its bioreactor. economictimes.com