ICICI Securities merges with ICICI Bank, now fully owned

ICICI Securities has officially become a wholly owned subsidiary of ICICI Bank. This follows a successful merger that has resulted in ICICI Securities being delisted from stock exchanges. The merger aims to improve operations and financial services efficiency. The merger was effective as of March 11, 2025. On March 24, 2025, public shareholders of ICICI Securities will have their shares canceled. They will receive new shares of ICICI Bank based on a pre-defined swap ratio. Under the terms of the merger, shareholders will get 67 shares of ICICI Bank for every 100 shares they own in ICICI Securities. The merger proposal was first announced in June 2023. It received strong support from shareholders, with 93.82 percent voting in favor. This exceeded the two-thirds majority needed for approval. Some minority shareholders had objections, but these were dismissed by a court on March 10, 2025. ICICI Securities has seen a positive stock performance in 2025, with a 4 percent gain and a 20 percent increase over the past year. The merger is expected to streamline operations, enhance corporate governance, and increase competitiveness in the financial sector. The consolidation will create long-term value for shareholders as it fully integrates ICICI Securities with ICICI Bank.