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In 2016, ICICI Venture diversified into Infrastructure investing through Resurgent Power Ventures (Resurgent) which is a power platform co-sponsored by ICICI Venture and Tata Power with an inital capital of upto USD 850 million to be contributed by the sponsors and large global investors. Resurgent is targeting acquisition of controlling stakes (buy-outs) in power generating companies in the thermal, hydro and transmission space in India.

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