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ICICI offers $25m art fund
- India: Saturday, December 01 - 2007 at 08:38
Non resident Indians based in the Gulf are being targeted by a $25m fund being rolled out by the ICICI Bank, reported Gulf News. The offshore fund will invest in the work of major Indian artists and if there is strong interest, it could be increased in size by a further $10m. Minimum subscription for the five year, close-ended fund is $100,000; Crayon Capital will be the investment adviser.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 01 - 2007 at 08:38 UAE local time (GMT+4)
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