ICICI Securities shares rally nearly 5% after company settles case with Sebi
On the BSE, the stock opened at Rs 332.25 and gained 4.77 per cent to hit a high of Rs 345.75.
By PTI | Updated:
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New Delhi: Shares of ICICI Securities jumped 5 per cent in trade on Friday after the company settled charges of alleged violation of stock broker norms, without admission or denial of any wrongdoing, with markets regulator Sebi.
In terms of volume, intra-day spurt in trading of ICICI Securities' shares was more than 1.20 times, as per BSE data.
In a case of fraudulent trading by bogus entities through several brokerage houses, ICICI Securities has settled charges of alleged violation of stock broker norms without admission or denial of any wrongdoing with markets regulator Sebi.
ICICI Securities has settled the case by paying over Rs 28 lakh towards settlement charges, the Securities and Exchange Board of India (Sebi) said in a settlement order.
The shares of the company closed 5.17 per cent higher at Rs 347.05 on BSE.
In terms of volume, intra-day spurt in trading of ICICI Securities' shares was more than 1.20 times, as per BSE data.
In a case of fraudulent trading by bogus entities through several brokerage houses, ICICI Securities has settled charges of alleged violation of stock broker norms without admission or denial of any wrongdoing with markets regulator Sebi.
ICICI Securities has settled the case by paying over Rs 28 lakh towards settlement charges, the Securities and Exchange Board of India (Sebi) said in a settlement order.
The shares of the company closed 5.17 per cent higher at Rs 347.05 on BSE.
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