Allegations of Irregularities in ISec Merger Deal Raise Concerns for Minority Shareholders
A recent merger deal between ICICI Securities (ISec) and ICICI Bank has come under scrutiny, with Quantum Mutual Fund raising strong objections against the merger. The allegations, including flawed valuation reports, potential conflict of interest among directors, and fraudulent voting practices, raise concerns for retail and minority shareholders of ISec. Key Points: Potential Loss for …