ICICI Sec hits new high

ICICI Securities is in the limelight today morning with the stock price rising more than 15% to Rs.650, which is also a new 52-week high. It has come off the highs now and is trading at Rs.635 levels, up 12.5%.

The stock hit a new high after the Board announced that it will consider a proposal to delist its equity shares on Thursday, June 29, pursuant to a scheme of arrangement with ICICI Bank.

As at 31st March 2023, ICICI Bank held 74.85% stake in ICICI Securities.