Sebi probing charges of ‘coerced’ voting to delist broking arm of ICICI

“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.

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