ICICI Bank’s Scheme of Arrangement Approved

Icici Bank (IBN) has released an update.

ICICI Bank Limited has announced that the National Company Law Tribunal (NCLT) has approved its Scheme of Arrangement with ICICI Securities Limited. The NCLT has also dismissed objections raised against the Scheme by Quantum Mutual Fund and an individual, Manu Rishi Guptha. This development is a significant step for the bank, potentially impacting its stock performance and investor relations.

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