ICICI Bank to consider delisting ICICI Securities on Thursday

ICICI Bank will consider a proposal for delisting its retail broking arm, ICICI Securities, on Thursday. As per CNBC-TV18, the bank may consider the delisting proposal through a share swap instead of a cash payout. As of March quarter, the bank held 74.85% stake in ICICI Securities. Shares of ICICI Securities rose to a 52-week high of ₹647 on Monday.