Market regulator Securities and Exchange Board of India (Sebi) has issued a warning to ICICI Bank on the outreach undertaken by the lender regarding the delisting of ICICI Securities. The regulator said the outreach programme was done with the objective of maximising participation in the voting process. “The outreach was done in face of a … Read more
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank‘s bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with … Read more
MUMBAI: Shares of mining firm Vedanta hit the lower circuit as they tumbled 10 per cent on Monday, after its delisting offer failed to garner enough bids on the bourses. Vedanta shares were down 9.99 per cent at Rs 109.90 on the BSE, while benchmark Sensex was up 324.14 per cent at 40,879 points. The … Read more
A BSE spokesperson said IBBS platform, the order entry system of BSE, worked throughout the day without any hitch and not a single complaint from any broker member was received on the functioning of the system. Synopsis However, in this case, the quantum of 120 million unconfirmed bids until the end of the delisting closing … Read more
DK Aggarwal Before jumping in to discuss whether or not to accept a share delisting offer, let’s first understand what is delisting. The simple meaning of delisting is the removal of listed stocks from a stock exchange, either voluntarily or involuntarily. Voluntary desilting happens when a company chooses to get delisted in order to expand … Read more