ICICI Securities Delisting: Approved!

Shareholders approve ICICI Securities' delisting proposal, merging it with ICICI Bank.

Sources: financialexpress

Shareholder Approval

83.8% of institutional shareholders and 32% of non-institutional shareholders vote in favour of ICICI Securities' delisting

Sources: financialexpress

Public Shareholder Votes

Sources: financialexpress

72% of public shareholders vote for delisting, with 67% of retail investors against the resolution.

Market Reaction

Sources: financialexpress

Shares of ICICI Securities dip over 4% as shareholders approve the delisting proposal.

Merger Terms

Sources: financialexpress

Shareholders to receive 67 ICICI Bank shares for every 100 ICICI Securities shares held.

Shareholder Backlash

Sources: financialexpress

Before the resolution was passed, ICICI Bank faced criticism for allegedly influencing stakeholders' votes.