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ICICI Securities delisting: ICICI Bank under fire for allegedly trying to influence I-Sec's minority investors

Shareholders of ICICI Securities claimed on social media that the bank s executives contacted them directly, asking them to vote in favour of the resolution that proposes to delist the broking subsidiary. Lawyers and market participants said such alleged actions could result in regulatory scrutiny of the voting process. ....

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Key investors may drag Byju's to NCLT

A consortium of shareholders with over 30 per cent stake in cash-strapped Byju s might approach the National Company Law Tribunal (NCLT) seeking a management change, if the extraordinary general meeting (EGM) scheduled for Friday failed to yield an amicable settlement or faced further delays, sources said.

Earlier this month, these shareholders had issued a notice calling for an EGM to address persistent issues , including a change in management. They will vote for a revamp of the existing board, an exercise which would include asking Byju Raveendran to step down as chief executive officer (CEO) and relinquish his operational role, according to sources. ....

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Singhania and Co, Mumbai office.
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