In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. Shareholders of the broking firm will receive 67 shares of ICICI Bank for every 100 shares held.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while