I-Sec minority shareholders file lawsuit against delisting move

Manu Rishi Guptha and minority shareholders have challenged ICICI Bank’s delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securities has reported robust financials. According to the proposed delisting scheme, ICICI Securities shareholders are slated to receive 67 shares of ICICI Bank for every 100 shares held.

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