India: Brokerage firm ICICI Securities shares fall 17% on market debut

India: Brokerage firm ICICI Securities shares fall 17% on market debut

Photo: Reuters

After a tepid response to the initial public offering (IPO) of ICICI Securities Ltd, the issue saw a weak listing. Shares of the brokerage and investment banking arm of ICICI Bank Ltd were listed at Rs431.10, down 17.09% from its issue price of Rs520.

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