New Student Offer - HELLO

Join Here

ICICI Venture Invests in Cello World

Published on November 17, 2022
Current Context: The ICICI Venture Funds Management Company Limited recently invested INR 360 crores in Cello World.
ICICI Venture Invests in Cello World
  • The investment of INR 360 crores (USD 44.3 million) by the ICICI Venture is the first Private Equity raised by the Cello World.
  • The investment also marks ICICI Venture’s fifth India mid-market-focused Private Equity (PE) fund.
  • At the event, the CEO of the ICICI Venture, Punit Nanda, said that the company was targeting an investment of USD 350-400 million for its fifth PE fund.
  • Cello World was established in 1967 that is known for its products in hydration (plastic bottles and steel), thermo-ware, and glass-ware/opal-ware categories. The current MD & Chairperson of the company is Pradeep Rathod.
  • ICICI Venture is a capital market company that was established in 1988 with its headquarters in Mumbai. The current CEO of the company is Punit Nanda.

Question:

Q.1 The ICICI Venture recently invested a sum of ______ in Cello World.
a. INR 320 Cr
b. INR 360 Cr
c. INR 400 Cr
d. INR 440 Cr
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu