NCLAT upholds ICICI Securities delisting, dismisses minority shareholder objections

The NCLAT upheld the NCLT’s approval of ICICI Securities’ delisting, dismissing appeals by Quantum Mutual Fund and Manu Rishi Guptha. The tribunal ruled that objections lacked merit, affirming shareholder democracy and supporting ICICI Bank’s plan to delist its brokerage arm. The NCLAT upheld the NCLT’s approval of ICICI Securities’ delisting, dismissing appeals by Quantum Mutual Fund and Manu Rishi Guptha. The tribunal ruled that objections lacked merit, affirming shareholder democracy and supporting ICICI Bank’s plan to delist its brokerage arm.  Economic Times