Quantum MF cries foul on ICICI Securities delisting, complains to Sebi

Quantum MF cries foul on ICICI Securities delisting, complains to Sebi

MUMBAI :In a rare instance of investor activism by an asset management company, Quantum Mutual Fund has written to the markets regulator objecting to the delisting of ICICI Securities Ltd on grounds of unfair valuation for the brokerage’s minority shareholders.

In a rare instance of investor activism by an asset management company, Quantum Mutual Fund has written to the markets regulator objecting to the delisting of ICICI Securities Ltd on grounds of unfair valuation for the brokerage’s minority shareholders.

The asset management company, in a letter to the Securities and Exchange Board of India (Sebi), also objected to employees of…
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Source: https://www.livemint.com/companies/quantum-mf-cries-foul-on-icici-securities-delisting-complains-to-sebi/amp-11712931645383.html