ICICI Securities' Retail Distribution Head Kedar Deshpande resigns on April 12, 2024, as ICICI Securities plans to delist and merge with ICICI Bank.

ICICI Securities' Retail Distribution Head, Kedar Deshpande, has resigned, effective April 12, 2024, to pursue alternative career opportunities outside the ICICI Group. ICICI Securities plans to delist itself from stock exchanges and merge with its promoter ICICI Bank after successful delisting, receiving 72% shareholder approval. However, majority retail shareholders oppose the move.