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NCLAT issues notice to ICICI Securities in delisting case | Mint

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NCLAT issues notice to ICICI Securities in delisting case | Mint

- NCLAT issues notice to ICICI Securities following appeal by minority shareholders against delisting approval. - Minority shareholders own 0.002% and 0.08% of ICICI Securities' equity share capital. - NCLT had dismissed objections filed by minority shareholders against delisting in August. - ICICI Securities challenges the maintainability of the petition filed by minority shareholders. - Bench agrees to hear the appeal on its merits. - ICICI Securities announced delisting plan and merger with parent ICICI Bank in June 2023.

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