Growing competition from new-age firms forced ICICI Securities' delisting: Analysts
Financial Express Mumbai|April 02, 2024
ICICI BANK DECIDED to delist its subsidiary, ICICI Securities, driven by heightened competition from online brokerage firms such as Zerodha, Groww and Upstox, alongside the cyclical nature of the securities business, according to analysts.
SACHIN KUMAR

The delisting will also allow shareholders access to a much larger and more diversified business with greater stability in revenue, they said.

"After its listing, ICICI Securities was not able to grow its market share and one of the main reasons was the entry of new-age online brokerage firms such as Groww, Zerodha and others," an analyst told FE.

"With their aggressive pricing, they have taken a large chunk of customers, especially the young investors, from existing players such as ICICI Securities, HDFC Securities and others," he added.

هذه القصة مأخوذة من طبعة April 02, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 02, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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