{"id":114656,"date":"2023-11-30T13:08:49","date_gmt":"2023-11-30T07:38:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114656"},"modified":"2023-11-30T13:08:53","modified_gmt":"2023-11-30T07:38:53","slug":"midcap-stock-in-green-after-companys-board-approved-the-delisting-of-equity-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-companys-board-approved-the-delisting-of-equity-shares\/","title":{"rendered":"Midcap stock in green after company&#8217;s board approved the delisting of equity shares"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1092105589\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>ICICI Bank\u2019s board has approved the demerger of this company\u2019s shares, which is engaged in the business of broking, distribution of financial products, merchant banking, and advisory services.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2344501927\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 11:31 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ISEC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ICICI Securities Limited<\/a><\/strong> were trading at Rs. 669.50, up 0.76 percent from its previous day\u2019s close price of Rs. 664.45 and its market capitalization is Rs. 21,590 Crores.\u00a0<\/p><p>The board of directors of ICICI Bank have approved the scheme of arrangement for the delisting of equity shares of ICICI Securities. The equity shares of ICICI Bank will be issued to the public shareholders of ICICI Securities in lieu of cancellation of their equity shares in ICICI Securities. Following the delisting of equity shares of ICICI Securities, it will become a wholly-owned subsidiary of ICICI Bank.&nbsp;<\/p><p>As of Q2FY24, it has total assets under management(AUM) of Rs. 3.7 Trillion, Total client base stands at 91,000+.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1598484872\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>ICICI Securities has a consistent dividend yield and returned a yield of 4.44% in FY23 for Rs. 19 per equity share.&nbsp;<\/p><p>The company\u2019s revenue from operations decreased by 0.56 percent from Rs. 3,434.98 Crores in FY22 to Rs. 3,415.75 Crores in FY23, accompanied by decreasing profits of Rs. 1,382.6 Crores to Rs. 1,117.63 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 42.93 percent and a return on capital employed (ROCE) of 18.25 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the Promoters of the company hold 74.79 percent stake, the Foreign Institutional Investors (FII) hold 10.06 percent and the Domestic Institutional Investors hold 6.21 percent.&nbsp;<\/p><p>ICICI Securities Limited is engaged in the business of broking (institutional and retail), distribution of financial products, merchant banking and advisory services&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1957234844\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3943834402\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>ICICI Bank\u2019s board has approved the demerger of this company\u2019s shares, which is engaged in the business of broking, distribution of financial products, merchant banking, and advisory services.&nbsp; At 11:31 a.m the shares of ICICI Securities Limited were trading at Rs. 669.50, up 0.76 percent from its previous day\u2019s close price of Rs. 664.45 and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8189,8188,14792,948,936],"class_list":["post-114656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-icici-securities-latest-news","tag-icici-securities-share-price","tag-icici-securities-to-delist","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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