ICICI Securities shows a strong recovery from its lowest point. The National Company Law Appellate Tribunal (NCLAT) has upheld the decision to delist ICICI Securities from stock exchanges, clearing the way for its merger with ICICI Bank. To give some background, in June 2023, ICICI Securities announced plans to delist and become a wholly-owned subsidiary […]
SEBI announces changes to delisting regulations: Introduces fixed price framework for promoters – CNBC TV18
Market regulator Securities and Exchange Board of India (SEBI) has introduced significant amendments to its delisting regulations to simplify the process for promoters seeking to take their companies private. As per the new norms, notified on September 25, 2024, SEBI has provided promoters an alternative to the existing reverse book building (RBB) process by introducing […]