ICICI Securities Share News: ICICI Securities का शेयर शुक्रवार को 7 फीसदी बढ़कर 563 रुपये के भाव पर बंद हुआ.
ICICI Securities, a subsidiary of ICICI Bank, saw a 7% increase in its share price on Friday, closing at Rs. 563. The company is set to attend a board meeting on June 29, where the decision to delist the company from the stock market may be made. The share price of ICICI Securities has risen by 7% in a week, 14% in a month, 28% in three months, and 30% in a year.
What does delisting mean?
Delisting is the process of removing a company’s stock from the stock exchange, which means that the shares cannot be traded on the exchange after delisting. A company may choose to delist due to management’s discretion or failure to comply with regulations.
What will happen to investors?
Along with the announcement of delisting, the company will determine the floor price, which is the minimum amount at which the shares can be bought back. The reverse book building process will begin after the floor price is determined. The reverse book building process is the price at which the company wants to sell its shares. The average price of the reverse book building process becomes the delisting price.
ICICI Securities’ delisting decision has left investors unsure about the future of their investments. However, the company’s performance in recent months has been impressive, which may be a sign of good news for investors.
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