Articles for tag: Bold, Demerger, Plans, Raymonds, Shareholder, Soaring, Spark, Transformation

September 3, 2024

Raymond’s Bold Transformation: Demerger Plans Spark Soaring Shareholder Value

Gautam Singhania, the chairman and managing director of Raymond, emphasized that shareholder value is central to the company’s upcoming demerger plans. Speaking at a press conference, he announced the impending listing of Raymond’s lifestyle division on the stock Market and the planned separation of the real estate business next year. In 2024, Raymond’s stock has ...

September 2, 2024

Market News

Business

ICICI Securities Delisting Sparks Controversy Amid Regulatory Scrutiny and Shareholder Outcry

ICICI Bank’s plan to acquire its subsidiary, ICICI Securities, has sparked controversy among shareholders and drawn scrutiny from India’s Market regulator, SEBI. Discontent stems from the waiver of SEBI’s rules about compensating minority investors during the delisting process. A recent class-action suit alleges that the merger terms favor the bank and could cause significant losses ...