ICICI Bank Scheme of Arrangement Approved

Icici Bank (IBN) has released an update.

ICICI Bank Limited has announced the successful sanctioning of a Scheme of Arrangement by the National Company Law Tribunal, Mumbai Bench, involving ICICI Securities Limited, ICICI Bank Limited, and their respective shareholders. Despite objections from some shareholders, the proposed arrangement was approved, dismissing the applications against the Scheme. This key development could signal new strategic directions and growth opportunities for the involved parties.

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