ICICI Securities delisting

ICICI Securities Delisting: 16 fund houses vote in favour of plan and 7 against

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ICICI Securities Delisting: 16 fund houses vote in favour of plan and 7 against

Mumbai: Sixteen domestic mutual funds, which held shares of ICICI Securities, voted in favour of parent ICICI Bank’s proposal to delist the broking arm, according to data compiled by primeinfobase.com. Seven fund houses opposed the plan in the voting process held on March 27, the data showed. The terms of the proposal were controversial with … Read more

ICICI Securities delisting: ICICI Bank under fire for allegedly trying to influence I-Sec’s minority investors

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ICICI Securities delisting: ICICI Bank under fire for allegedly trying to influence I-Sec’s minority investors

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