Minority shareholders led by Guptha file class action suit against ICICI Securities over delisting concerns.
Minority shareholders led by investor Manu Rishi Guptha filed a class action suit with the National Company Law Tribunal against ICICI Securities over delisting concerns. The suit, filed by over 100 shareholders, alleges the current valuation doesn't factor in the bull market run and improved position of ICICI Securities. The delisting plan would see ICICI Securities shareholders receive 67 shares of ICICI Bank for every 100 shares held.
April 28, 2024
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