minority shareholders

Minority shareholders of ICICI Securities file lawsuit against delisting move

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Minority shareholders of ICICI Securities file lawsuit against delisting move

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

ICICI Bank under fire for allegedly trying to influence I-Sec’s minority investors

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ICICI Bank under fire for allegedly trying to influence I-Sec’s minority investors

Mumbai: ICICI Bank is under 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. Shareholders of ICICI Securities claimed on social media that the bank’s executives contacted them directly, asking them to vote in favour of the resolution that proposes … Read more