Try GOLD - Free
NCLAT backs ICICI Securities delisting
Hindustan Times Jammu
|March 11, 2025
The companies appeal court on Monday upheld the delisting of ICICI Securities Ltd from the stock exchanges, rejecting challenges by shareholders Quantum Mutual Fund and an individual investor.
NEW DELHI:
"All appeals dismissed," remarked the Delhi bench of the National Company Law Appellate Tribunal (NCLAT) while pronouncing its judgment.
Quantum Mutual Fund had approached NCLAT in September to oppose ICICI Securities' delisting, citing concerns over its impact on minority shareholders. Earlier, the Ahmedabad bench of the National Company Law Tribunal (NCLT) had approved the delisting, dismissing the fund's objections.
ICICI Securities in June 2023 announced its plan to delist and merge with its parent company, ICICI Bank Ltd. Shareholders approved the plan in March 2024, with 72% of minority shareholders voting in its favour.
This story is from the March 11, 2025 edition of Hindustan Times Jammu.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Jammu
Hindustan Times Jammu
Living austerely in this world riven by conflict
Spending, investing, and planning in mega terms for India to develop is one thing; reckless splurging, with scant regard for the natural environment thrown into the process, is another. We must make our choices carefully
5 mins
May 17, 2026
Hindustan Times Jammu
Making the Capital's EV policy women-friendly
With the Prime Minister calling for reducing fuel usage to offset the impact of the war in West Asia, this might be an opportune moment to look at alternatives with a focus on women.
2 mins
May 17, 2026
Hindustan Times Jammu
Iran to announce Hormuz mechanism, collect fees
Iran has prepared a mechanism to manage traffic through the Strait of Hormuz along a designated route that will be unveiled soon, the head of the Iranian parliament's national security committee Ebrahim Azizi said on Saturday.
1 min
May 17, 2026
Hindustan Times Jammu
Some very personal frames of Raghu Rai
For Raghu Rai, the camera was his life, but through it, it was also his way of teaching people the art of living.
3 mins
May 17, 2026
Hindustan Times Jammu
4 of Indian-origin held in kidnapping, extortion case
Canadian police arrested four Indian-origin persons from Calgary, Alberta, and are looking for a fifth in connection with a kidnapping incident related to extortion, Calgary police service (CPS) on Friday said.
1 min
May 17, 2026
Hindustan Times Jammu
Cockroaches remark directed at fake degree holders, CJI clarifies
Chief Justice of India (CJI) Surya Kant on Saturday maintained that his oral observations a day earlier, referring to some people as “cockroaches” and “parasites”, were not directed at the youth of the country but at individuals who had entered professions such as law and media using “fake and bogus degrees”.
1 min
May 17, 2026
Hindustan Times Jammu
Warrior, rebel, north star
BR Ambedkar's sweeping, searing Annihilation of Caste — his manifesto, enclosing all that he wished for, for his people and his country — turns 90 this month. It is many things: a compass orienting the reader, a mirror held up to a nation, a love letter to reason. See how it was born (from a speech he wasn’t allowed to deliver); how it defined for him the path he would follow for the rest of his life; and how far short we have fallen of the dreams he had for the new India
4 mins
May 17, 2026
Hindustan Times Jammu
Feat accompli
This is an era of athletes tearing through records. What's next, in a world where the word impossible is fast losing meaning?
2 mins
May 17, 2026
Hindustan Times Jammu
How far have we come?
{ ECONOMICS OF EXCLUSION } POLITICS, PROSPERITY, LOVE
2 mins
May 17, 2026
Hindustan Times Jammu
culture Root awakening
There are some deep, deep prejudices hidden in everyday words that we still casually use. Amid an effort to weed out some of these, researchers are spotlighting their troubling origins. Can you spot the problems, to begin with, with the four terms below?
3 mins
May 17, 2026
Listen
Translate
Change font size