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Written by: Staff
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TOKYO, Aug 9 (Reuters) SBI Holdings <8473.T> said on Wednesday it has agreed with State Bank of India to form a $100 million venture capital fund.

The fund will focus on investments in unlisted companies in India, SBI said in a statement to the Tokyo Stock Exchange. The two companies will jointly manage the fund.

State Bank of India is India's biggest commercial bank.

SBI, a fund originally set up by Japanese Internet and telecom conglomerate Softbank Corp <9984.T>, managed a total of 203.3 billion yen ($1.76 billion) in assets as of March 31.

REUTERS CS PM1434

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