Market watchers said these institutions may be buying the shares in anticipation of better terms in the delisting process. Earlier, some investors had slammed ICICI Bank’s plan to delist the subsidiary on the grounds that the conditions may not be in the best interests of public shareholders.
Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate