My assumption & rational regarding merger.
According to press release, icicisec will get delisted and as per Scheme of Arrangement with ICICI Bank Limited, listed Holding Company, under Chapter VI Part C, Regulation 37 of SEBI (Delisting of Equity Shares) Regulations, 2021.
- you will get icici bank shares in say XX ratio.
Now let’s say most likely 3:2 (2 shares of ICICI bank with 3 share of ICICIsec)
Current price ~ icici sec 600 & icici bank 900.
4:3 & 1:1 ratio will provide better deal for icici sec share holders.
Disc : holding before announcement
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