The NCLAT upheld the NCLT’s approval of ICICI Securities’ delisting, dismissing appeals by Quantum Mutual Fund and Manu Rishi Guptha. The tribunal ruled that objections lacked merit, affirming shareholder democracy and supporting ICICI Bank’s plan to delist its brokerage arm.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is