ICICI Bank Notifies Appeal on Shareholder Scheme

Icici Bank (IBN) has released an update.

ICICI Bank has announced to Indian stock exchanges the receipt of a notice from the National Company Law Appellate Tribunal (NCLAT) regarding an appeal filed by a shareholder against the dismissal of their objection to a Scheme of Arrangement between ICICI Bank and ICICI Securities. The appeal follows the National Company Law Tribunal’s (NCLT) approval of the arrangement and the dismissal of certain shareholder objections. Investors are advised to take note of these developments which could potentially impact the bank’s stock.

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