Shareholders approach NCLT on I-Sec delisting; company notifies exchangesMoneycontrol • 6 days ago
Moneycontrol on April 28 had reported that a group of minority shareholders led by investor Manu Rishi Guptha have filed a class action suit with the National Company Law Tribunal or NCLT against ICICI Securities on the delisting plan
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ICICI Securities also announced the reappointment of Vijay Chandok as Managing Director and CEO
Retail shareholders reported that employees of ICICI Bank have been contacting them in an attempt to sway the voting process.
The merger is expected to capitalise on the synergies between ICICI Bank and ICICI Securities, driving operational efficiencies and streamlining processes.
ICICI Securities added that the "event had no financial, operation or other activities of the Company
pursuant to the administrative warning letter."