In its clarification, ICICI Securities said a concerted campaign against the delisting proposal, using social media and involving extensive outreach to retail shareholders was undertaken by those opposed to the proposed scheme.
Sebi conducts multiple thematic and comprehensive inspections of the brokerage s various regulated activities from time to time. A warning was issued in connection with one of the thematic inspections carried out of the Stock Broking activities of the company.
ICICI Securities said the scheme of arrangement is subject to receipt of requisite approvals from the shareholders and creditors of ICICI Bank and the company, National Company Law Tribunal and other regulatory and statutory authorities.