India's ICICI Venture in talks to invest in fashion company Libas

Traditional clothing brand eyes expansion for South Asian nation's festive season

20231005 DSA ICICI Libas

ICICI Venture is in talks to invest in Indian traditional fashion company Libas, which is pushing to expand. (NIKKEI montage/Logos from ICICI Venture and Libas websites)

PARAMITA CHATTERJEE, DealStreetAsia

NEW DELHI -- ICICI Venture, the alternative investment arm of ICICI Bank, is in talks to invest in Indian traditional clothing brand Libas, which is currently busy carving out expansion plans to cash in on the country's upcoming festive season.

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