New Delhi, March 25 -- ICICI Securities Limited has officially become a wholly owned subsidiary of ICICI Bank, marking the successful completion of their merger. Following the fulfillment of all necessary conditions, the merger scheme has come into effect, resulting in ICICI Securities' delisting from the stock exchanges. The consolidation is expected to streamline operations and strengthen the bank's financial services platform.

In a disclosure dated March 11, 2025, ICICI Securities confirmed that the merger scheme is now effective. The company's Board of Directors has approved Monday, March 24, 2025, as the Record Date. On this date, public shareholders of ICICI Securities will have their existing equity shares cancelled and will be is...