India: ICICI Bank Limited and ICICI Securities Limited on the proposed delisting of ICICI Securities

AZB & Partners acted for ICICI Bank Limited and ICICI Securities Limited on the proposed delisting of ICICI Securities through a pioneering scheme under Regulation 37 of the SEBI (Delisting of Equity Shares) Regulations, 2021. Pursuant to the proposed scheme, equity shares held by the public shareholders of ICICI Securities will stand cancelled, ICICI Bank will issue new shares to such public shareholders and ICICI Securities will become a wholly owned subsidiary of ICICI Bank.

Our deal team comprised our Senior Partners Ashwath Rau and Kashish Bhatia, Senior Associates Himanshoo Tembe and Aditi Shukla, and Associates Dishti Kaji and Yashi Saraswat.