ICICI Securities Delisting Approved For Merger With ICICI Bank
The Business Guardian|March 29, 2024
ICICI Securities of India has received shareholder approval to delist its stock, as announced early Thursday.
ICICI Securities Delisting Approved For Merger With ICICI Bank

This move sets the stage for its merger with its parent company and majority shareholder, ICICI Bank. The delisting resolution garnered support from approximately 71.9% of the brokerage’s minority shareholders, surpassing the regulatory threshold of a two-thirds majority. In early trading, ICICI Securities’ shares experienced a 4.5% decline, while ICICI Bank saw a 1.2% increase.

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