ICICI Bank is under the 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.
Quantum Long Term Equity Value Fund and Quantum ELSS Tax Saver Fund own shares in ICICI Bank and ICICI Securities. The fund house estimates that the merger will result in a net loss of at least Rs 6.08 crore to its unitholders.