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ICICI Securities merger: ICICI Securities: Shareholders approach NCLT over ICICI Bank's brokerage arm's delisting plan

A group led by a Bengaluru-based investment manager has contested ICICI Bank s bid to delist its brokerage arm, ICICI Securities. Despite shareholder support for the merger, retail investors opposed it. The proposed swap ratio and alleged irregularities have sparked objections, with Quantum Mutual Fund urging legal action to protect minority interests. ....

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ICICI Sec-ICICI bank merger: ICICI Securities shareholders approve merger with ICICI Bank with 72% votes

72% of shareholder votes favored the ICICI Securities-ICICI Bank merger. Concerns raised over alleged coercion of minority shareholders by ICICI Bank, prompting potential regulatory scrutiny on the voting process. ....

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