In July 2024, the stock broker applied for settlement without admitting or denying the findings under the Settlement Regulations. The settlement amount was paid on January 1, 2025
ICICI Securities, a part of the ICICI Group, on Tuesday reported a 25 per cent year-on-year growth in profit after tax to Rs 529 crore in three months ended September 2024. In comparison, the company had posted a PAT (profit after tax) of Rs 424 crore in the year-ago period, the brokerage house said in a filing to stock exchanges. Total income rose 37 per cent to Rs 1,707 crore in the July-September quarter of the current financial year (FY25) from Rs 1,249 crore in the same quarter preceding fiscal. The surge in total income was driven by revenues from the broking and distribution business. Shares of ICICI Securities settled 0.71 per cent lower at Rs 844 on the BSE.
ICICI Securities share price dipped as much as 3.42 per cent to Rs 837.65 per share on the BSE in Thursday's early morning trade
ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the approved scheme
ICICI Securities resolves Sebi case with Rs 69.82 lakh settlement, concurrently gains NCLT approval for delisting despite some objections from minority shareholders
The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.