Some investors may oppose ICICI’s bid to delist broking arm

“The minority shareholders of ICICI Securities are being gravely wronged by the delisting, that is, besides being unfair in every sense (valuation, methodology & logic), defies the basic grain of propriety,” said Manu Rishi Gupta, founder of MRG Capital, a Bengaluru-based investment fund, in an open letter. He claims to be a shareholder of ICICI Securities.

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