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.
This story is from the March 29, 2024 edition of The Business Guardian.
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This story is from the March 29, 2024 edition of The Business Guardian.
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