India's ICICI Securities gets shareholder nod to delist, setting up merger with ICICI Bank [Reuters]
ICICI Bank Limited (IBN)
US:NYSE Investor Relations:
icicibank.com/aboutus/invest-relations.page
Company Research
Source: Reuters
its stock, the brokerage said in the early hours of Thursday, paving the way to merge with parent and majority shareholder ICICI Bank (ICBK.NS) , opens new tab About 71.9% of the brokerage's minority shareholders voted in favour , opens new tab of delisting, exceeding the regulatory requirement of a two-thirds majority for a resolution to pass. Among public institutional investors, which own a total 16.68% in the company, 83.8% voted in favour of the delisting, while only 32% of non-institutional public shareholders, who hold 8.55% in the company, were in favour. Norges Bank Investment Management, which holds a 3.2% stake through one of its funds, making it the largest public shareholder in ICICI Securities, has previously said it voted in favour of the deal. ICICI Bank holds a roughly 75% stake in the brokerage and its vote is not considered. It said last June it would buy the remaining 25% in a share-swap deal and its stock has jumped 16% since then, raising the implied offe
Show less
Read more
Impact Snapshot
Event Time:
IBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBN alerts
High impacting ICICI Bank Limited news events
Weekly update
A roundup of the hottest topics
IBN
News
- India's ICICI Bank exposed thousands of credit cards to ‘wrong' users [TechCrunch]TechCrunch
- India's ICICI Prudential reports narrower new business margin for FY 2024 [Reuters]Reuters
- Arcelormittal Nippon Steel India in Talks for $1 Billion Loan [BNN Bloomberg (Canada)]BNN Bloomberg
- ICICI Lombard's Q4 profit rises on higher premiums earned [Reuters]Reuters
- India swaps suggest cenbank now likely to hold rates through 2024 [Reuters]Reuters
IBN
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/19/24 - Form 6-K
- IBN's page on the SEC website