ICICI Securities turns into an entirely owned subsidiary of ICICI Bank.

Officially, ICICI Securities Limited is now a fully-owned subsidiary of ICICI Bank. has taken effect after all prerequisites have been met, leading to ICICI Securities' removal from stock exchange listings. It is anticipated that the combination will improve the bank's financial services platform and streamline operations. The effective date of the merger plan was confirmed by ICICI Securities in a disclosure dated March 11, 2025. Monday, March 24, 2025, has been approved as the Record Date by the company's Board of Directors. Public shareholders of ICICI Securities will have their current equity shares revoked on this day, and new equity shares of ICICI Bank will be issued in accordance with the predetermined swap ratio.