“The RMs would have been asked by some senior management personnel of the bank to woo the subsidiary’s shareholders to vote in favour of the delisting proposal,” said a person familiar with the regulator’s thinking. “Sebi is looking into the allegations. Call data records of people involved in this matter will also be examined.” Emails sent to ICICI Bank and Sebi remained unanswered.
Kumar Mangalam Birla’s Grasim gets cheapest rupee bond deal in 5 years
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian
May 22, 2025