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Sebi's warning to ICICI Bank over ICICI Securities delisting
Business Standard
|June 07, 2024
The Securities and Exchange Board of India (Sebi) on Thursday issued a warning to ICICI Bank for flouting norms during its outreach programme to the shareholder of broking firm ICICI Securities to vote in favour of the delisting.
The markets regulator has termed the outreach programme by ICICI Bank as "inappropiate" and directed the bank to take action on its officials. Several investors of ICICI Securities complained that employees of ICICI Bank called, influenced or misled shareholders to vote in favour of the delisting proposal under the garb of spreading awareness.
Sebi confirmed that some of the officials of ICICI Bank went beyond the outreach programme by making repeated calls and asking for screenshots of voting.
"This has been viewed seriously.
Dit verhaal komt uit de June 07, 2024-editie van Business Standard.
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