The deal listing of ICICI Securities on the stock market has sparked controversy as ICICI Bank is delisting the company, making it a subsidiary. This process involves a valuation, setting a floor price based on past stock prices, and a reverse book building process. Despite the delisting, ICICI Securities will continue to operate under ICICI Bank.
In today’s episode for 30th March 2024, explain why there was controversy over the delisting of ICICI Securities.
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