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NCLT okays ICICI Securities delisting, stock falls over 5.4%
The New Indian Express
|August 22, 2024
THE Mumbai bench of the National Company Law Tribunal (NCLT) has green-lighted the delisting plan of ICICI Securities, the largest full service brokerage in terms of demat accounts, setting aside the objections raised by two minority shareholders.
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Following the order, shares of ICICI Securities fell over 5.4 % to 802.20.
The NCLT bench, led by judges Virendrasingh Bisht and Prabhat Kumar, had reserved their order on August 5.
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