Mumbai: Trading Members of the Exchange are hereby informed that, following the Revised Scheme of Arrangement approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, ICICI Securities Limited has set a Record Date to determine the Public Shareholders eligible for share exchange.
As per the Scheme, the equity shares of ICICI Securities held by Public Shareholders will be cancelled. In exchange, they will be issued new equity shares of ICICI Bank Limited, based on the specified Swap Ratio outlined in the Scheme.
In light of this development, Trading Members are advised to refrain from dealing in the equity shares of ICICI Securities Limited from the specified date onward. This measure ensures a smooth transition in accordance with regulatory requirements and the approved Scheme of Arrangement.
Further details regarding the Swap Ratio, the issuance process, and any additional instructions will be communicated separately. Shareholders and investors are encouraged to stay informed through official announcements and regulatory disclosures.
