Mumbai: Minority shareholders of ICICI Securities (I-Sec) led by Bengaluru-based investment manager Manu Rishi Gupta have filed a class action suit with the Delhi bench of the National Company Law Tribunal (NCLT) against ICICI Bank’s bid to delist its broking arm. The private lender’s scheme of arrangement to delist ICICI Securities received approval from the … Read more
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank’s bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with … Read more
Mumbai: ICICI Bank’s contentious bid to delist ICICI Securities (I-Sec) has been cleared by the broking arm’s public shareholders. In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. … Read more
Mumbai: ICICI Bank is under fire for allegedly coaxing minority shareholders of ICICI Securities (I-Sec) to support the private lender’s proposal to delist the broking and investment banking arm. Shareholders of ICICI Securities claimed on social media that the bank’s executives contacted them directly, asking them to vote in favour of the resolution that proposes … Read more
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23. Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number … Read more
Mumbai: Both the management and minority shareholders of India’s leading broking firm, ICICI Securities, are gearing up for the extraordinary general meeting (EGM) scheduled on March 27 for the firm’s delisting. At this meeting, approval for the company’s scheme of arrangements with ICICI Bank will be sought. While the company has engaged the services of … Read more
Mumbai: The Ahmedabad bench of the National Company Law Tribunal has cleared ICICI Bank’s proposed scheme of arrangements with ICICI Securities and directed it to conduct an extraordinary general meeting (EGM) on March 27 to seek approval from shareholders. The bank, in an exchange filing on Thursday, said it had received an order from the … Read more
