ICICI Securities board approves delisting of shares

ICICI Securities On Thursday, it announced that its board of directors had approved a draft arrangement plan to delist the company’s shares.

67 shares of stock will be allocated to the shareholders of the company ICC Bank for every 100 shares of the company’s stock,” ICICI Securities told the exchanges.

It added, “The scheme is subject to receipt of the required approvals from ICICI Bank, shareholders and creditors of the company, Reserve Bank of India, National Companies Law Tribunal, stock exchanges and other regulatory and statutory authorities, under applicable law.”