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Norges Bank of Norway supports ICICI Securities delisting

India Business News: NEW DELHI: Amid Quantum Mutual Fund voting against the proposed delisting of ICICI Securities, the largest public shareholder Norges Fund Investment B.

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Norges Fund Investment Bank of Norway supports ICICI Securities delisting

Norges Fund Investment Bank of Norway supports ICICI Securities delisting
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Norges Bank of Norway supports ICICI Securities delisting

Amid Quantum Mutual Fund voting against the proposed delisting of ICICI Securities, the largest public shareholder Norges Fund Investment Bank has voted in favour of the proposal of the stock broking arm of ICICI Bank. The foreign fund, which holds nearly 3.25 per cent stake in ICICI Securities,

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Norges Bank of Norway supports ICICI Securities delisting

Norges Bank of Norway supports ICICI Securities delisting
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Norges Bank sells partial stake in Archean Chemicals through open market transactions

Norges Bank, through its Government Pension Fund Global, has sold around 0.77% of the stake in Archean Chemicals via open-market transactions. This equates to roughly 9.5 lakh shares, and the sale was made at a price of INR510.87 ($6.80) per unit. Norges Bank received INR48.5 crore from the transaction. The company has been showing marginal growth, with net profit for Q1 nearly flat compared to INR372 crores in 2019. In contrast, Societe Generale bought 0.52% of shares in Archean Chemicals.

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