ICICI Venture to sell JV stake to US firm Tishman

New Delhi, Jul 4 (UNI) Private equity firm ICICI Venture, a unit of ICICI Bank today said it has reached an agreement with Tishman Speyer to sell its stake in their real estate joint venture to the US firm.

ICICI Venture will sell its 50 per cent stake in TSI Ventures India Pvt Ltd, a real estate joint venture company, to Tishman Speyer, which will now become the sole owner, a company statement today said Tishman Speyer and ICICI Venture will remain equity partners in TSI's three current projects,it added.

However, no financial details of the transaction was given.

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