NCLT approves delisting of ICICI Securities, shares dip 7%

The National Company Law Tribunal (NCLT) on Wednesday approved the delisting of ICICI Securities, following which the shares dipped around 7%. The tribunal dismissed objections by two investors that the delisting would adversely impact minority shareholders. Under the delisting plan, ICICI Securities' shareholders will get 67 ICICI Bank shares for every 100 shares they hold.