ICICI Securities is a subsidiary of ICICI Bank, wherein the latter holds around 75% stake in the former. The delisting of shares of ICICI Securities will be done through a share swap, wherein public shareholders of the brokerage will be allotted 67 shares of ICICI Bank for every 100 shares held. Following the delisting, ICICI Securities will again become a 100% subsidiary of ICICI Bank.
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