🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

News on Medial

NCLT approves delisting of ICICI Securities, dismisses plea raising objection | Mint

LivemintLivemint · 2m
NCLT approves delisting of ICICI Securities, dismisses plea raising objection | Mint

- The National Company Law Tribunal in India has approved ICICI Bank's application for delisting its financial broking arm, ICICI Securities, from the stock exchanges. - The tribunal dismissed two objections to the delisting scheme while approving it, and a detailed order on the matter is awaited. - ICICI Securities had announced its plan to delist and merge with ICICI Bank in June 2023, which was approved by shareholders in March 2024. - As per the delisting plan, shareholders were to receive 67 shares of ICICI Bank for every 100 shares of ICICI Securities held. - Minority shareholders expressed concerns about the low value and share-swap ratio, questioning the fairness of the deal. - The Reserve Bank of India approved the delisting of ICICI Securities and its transformation into a wholly-owned subsidiary of ICICI Bank, subject to certain conditions.

1
View Source

Comments

More Like this

NCLT approves delisting of ICICI Securities, dismisses minority shareholders' petition

NCLT approves delisting of ICICI Securities, dismisses minority shareholders' petition

NCLAT issues notice to ICICI Securities in delisting case | Mint

NCLAT issues notice to ICICI Securities in delisting case | Mint

NCLT defers ICICI Securities delisting case to July

NCLT defers ICICI Securities delisting case to July

SEBI warns ICICI Bank over investor outreach for unit's delisting

SEBI warns ICICI Bank over investor outreach for unit's delisting

I-Sec investors have been crying hoarse. Sebi is listening.

I-Sec investors have been crying hoarse. Sebi is listening.

Shareholders of ICICI Securities lodge lawsuit with NCLT over delisting proposal

Shareholders of ICICI Securities lodge lawsuit with NCLT over delisting proposal

ICICI Securities settles SEBI case by paying Rs 69.82 lakh

ICICI Securities settles SEBI case by paying Rs 69.82 lakh

NCLAT dismisses appeal by investors against Byju’s

NCLAT dismisses appeal by investors against Byju’s

ICICI Bank’s board approves fundraising worth Rs 25,000 crore via NCDs

ICICI Bank’s board approves fundraising worth Rs 25,000 crore via NCDs

ICICI Securities gets shareholder nod to delist, setting up merger with ICICI Bank

ICICI Securities gets shareholder nod to delist, setting up merger with ICICI Bank

Download the medial app to read full posts, comements and news.