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ICICI, I-Sec merger gets investor nod despite woes

ICICI Securities to be ICICI Bank's wholly-owned subsidiary with 75% stake. Public holds 25%. Institutional investors support. Delisting planned. Shareholders swap 67 ICICI Bank shares for every 100 in I-Sec. Concerns over discount broking firms dominance.

Mar 29, 2024 - 05:30
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ICICI, I-Sec merger gets investor nod despite woes
ICICI Securities to be ICICI Bank's wholly-owned subsidiary with 75% stake. Public holds 25%. Institutional investors support. Delisting planned. Shareholders swap 67 ICICI Bank shares for every 100 in I-Sec. Concerns over discount broking firms dominance.
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