Hoshner Patel

@manurishiguptha Maverick and Goose flying too close to the sun.😂😂

The #markets 's #momentum is writing cheques that the #fundamentals can't encash #nifty50 #NiftyBank

@ZeeBusiness @AshishZBiz There was a time when HUL didn't give a return for 10 years, similar cases with ITC, L&T, RIL etc., did they delist? This is not what we expected from you @AnilSinghvi_ . You were always the hero that fought for the retail shareholders. @ZeeBusiness @SEBI_India #boycotticici

ICICI Sec की डीलिस्टिंग सस्ते में? ICICI Bank ने सस्ते में कराई डीलिस्टिंग? थक-हार कर निवेशकों ने पक्ष में किया वोट? #ICICISecurities #ICICIBank #Delisting @AshishZBiz

What a speech @manurishiguptha . 👏👏 Thank you for representing the minority shareholders against such theft. @SEBI_India @LICIndiaForever @FinMinIndia @PMOIndia #ICICIBank #icicisecurities

EXCLUSIVE | ICICI Bank trying to influence ISEC shareholders? Shareholders claim that ICICI bank called to vote in favour of delisting, also they are trying to influence voting as per sources. ET NOW's @ankurmishrasays with more details

The cat is out of the bag on ICICI Securities delisting proposal. ICICI Bank, one of India's top 5 largest companies by market cap, should have been setting exemplary standards of corporate governance but it appears to be doing the exact opposite in an attempt to bulldoze the delisting proposal for it's subsidiary, ICICI Securities. The brazen breach of privacy and misuse of shareholder data by entire ICICI group needs to be seen to be believed (also refer quoted tweet from @akshat96jain ) I'm sharing some details on this "behind the scenes" secret mission being carried out to push through this proposal. 1. ICICI Securities shareholders started receiving calls in February (I received on February 13) from some company named "Trustwell Management Consulting". It called ICICI Securities shareholders on the pretext of "contact update" but actually it was to inform them about benefits of delisting. Voting dates for ICICI Securities delisting resolution were not even announced at that point. How did this 3rd party company get individual shareholder data and mobile numbers needs to be investigated by SEBI? 2. After the voting period began on March 22, the same company has been calling all shareholders to cast their vote. The same data privacy breach again (attached image shows the call I got) 3. ICICI Bank seems to have access to entire database of ICICI Securities shareholders, irrespective of the broker account in which ICICI Securities shares are held. This is a massive data breach which is easily proven by the fact that an individual who has ICICI Securities shares in another bank's broker account, like me, is getting calls from ICICI Bank branch managers to vote on the resolution. Who leaked the data of ICICI Securities shareholders to the ICICI Bank branch managers? 4. If that was not enough, ICICI Bank branch managers and relationship managers are asking for a screenshot confirmation that the vote was cast. I got multiple calls and requests from both the branch manager and relationship manager asking for confirmation on my voting. Who are they to ask for proof on voting? 5. And if that wasn't enough, we are hearing reports of branch managers actually visiting homes of shareholders to get their voting confirmation. Quite unbelievable! The data leak across ICICI group is unbelievable and this entire operation to call shareholders / visit their houses and demand voting confirmation needs to be thoroughly investigated. It also raises huge corporate governance red flags on ICICI group, which I held in high esteem till this sorry saga played out. Also, I find it surprising that no major business news media has covered this story despite multiple people highlighting the blatant abuse and misuse of shareholder information over the past many days. If after all this drama, the delisting resolution goes through then it's a truly sad day for minority shareholders in India.

@Alex_G_Simon of @business @Bloomberg brings out the plight of minority shareholders of #ICICISecurities bloomberg.com/news/articles/…

@akshat96jain People from ICICI came to my house too. They were trying to convince my parents and asked them to open their portfolios and vote for delisting. This is absolute "FRAUD". Are the regulators asleep? What is happening? @SEBI_India @LICIndiaForever @VikrantDarak @manurishiguptha

ICICI showing extreme desperation to get delisted. Why is this wrong? - Privacy - it's simply not OK to send bank RMs at doorsteps of minority shareholders; - Force - they aren't just canvassing for votes, they're pressurizing to vote FOR & show the vote screenshot

#Corporategovernance is dead #viksitbharat will remain a piped dream if corporates like #icicibank & #icicisecurities use capital markets to loot retail shareholders. @PMOIndia @FinMinIndia @MCA21India @SEBI_India #StopTheLoot #desperateICICI @sandeepbak @Vijaychandok1 #delisting

@VikrantDarak @PMOIndia @FinMinIndia @MCA21India @SEBI_India @sandeepbak @Vijaychandok1 #icicisecurities #icicibank #desperateICICIBank #StopTheLoot

As is very well put, "Greed, in the end, fails even the greedy". A wave of retail investors is standing up to a bully. ICICI has shot itself in the foot by trying to force an unfair swap ratio. #icicisecurities #icicibank #desperateICICIBank #StopTheLoot @SEBI_India

Retail investors today are well read,well informed and well educated.Stop trying to take us for a ride.We know how unfavorable a swap ratio is when we see one.#icicisecurities #icicibank #desperateICICIBank #StopTheLoot @SEBI_India @VikrantDarak @LICIndiaForever @manurishiguptha

@saspeak @manurishiguptha @ICICI_Direct @ICICIBank Don't worry. We have solid evidence against them actually asking people to vote in favour of the delisting. This is the worst form of corporate governance ever. A Desperate ICICI in the open. Sad and shameful. Help us: @SEBI_India @LICIndiaForever @AnilSinghvi_ @VikrantDarak

@manurishiguptha @ICICI_Direct @ICICIBank they seem 2 b desperate 2 get the merger thru. Got this msg on wapp from a person who's never bothered 2 call me - ever - 2 find out if i'm happy with their service. y bring Holi into it? Thot u'll find it interesting. Thou with Norges Bank voting for, it might all hinge on LIC.

@ICICI_Direct Delisting - A Corporate Harakiri The recent decision by @ICICIBank to delist its wholly owned subsidiary, ICICI Securities by issuing ICICI bank shares is nothing short of a corporate hara-kiri of minority shareholders. Democracies are paving the way for the representation of minorities as well. The assurance that even the voices of minorities are heard despite there being a majority against them is one of the biggest advantages of democracy. The swap ratio of ICICIBANK/ISec of 67/100 reeks of blatant disregard towards minority shareholders who have reposed their faith in #isec since the last 5 years. The delisting is also a grave injustice to anybody who had participated in the Isec IPO in Mar/Apr 2018 and held on to it till today. At the issue price of 520, the company had valued its shares at 30x FY17 earnings and now while delisting offers approximately 18x on FY23 earnings. This is nothing short of moral dishonesty from a well-known Bank like ICICI. If you collect money at 30x five years back and since then the revenue and book value has more than doubled in these years and prospects of ISec look good going forward, the same metric of valuation should peg the delisting price at a min of Rs. 1200-1800. Even if we take the dividends into account, the ROI is a paltry 3-3.5% whereas nifty returned nearly 14% in the same period. While legally, the minority shareholders might not be able to do much, but Mr. Sandeep Bakshi and the board of ICICI Bank will have to carry this debt of burden for the rest of their lives of having short-changed the minority shareholders while seemingly upholding the baton of corporate governance and propriety as one of the top banks in the country. ISec is ahead of its peers in technology, has been around for decades, and offers one of the broadest spectrums of services with huge potential going fwd. Taking it away from shareholders at a valuation metric that’s far lower than the listing price and swapping it with shares that are overpriced is not only unfair but borderline illegal. ICICI management is taking away a stock with high return ratios (ROCE, ROE, DIV Yield) and leaving investors with a stock having comparably poor ratios and returns. Delisting is being proposed because #ICICIBank sees value in the stock. My advice to them is - 'You still own 75%. Reward the minority shareholders and leave a great impression. Become an outlier in fairness - not another arm-twisting crony capitalist'. The only 4 ways to correct this are : 1. Improve the swap ratio to the same valuation parameters that existed at the time of the ISec IPO. That implies at least 130 shares of ICICI Bank for every share of Isec. 2. ICICI Bank should refrain from voting and should go ahead with delisting only if the majority of the minority shareholders approve of the same. 3. Leave this delisting alone for the time being. ISec is a good cash generating great dividend paying company and markets will give it its due in due course. 4. Lastly show good intent – What's right is right and what's wrong is evident and starkly visible. @AnilSinghvi_ explained the injustice/anomaly rather vividly in this video (youtu.be/EIBfL-UyDew) and he makes a great point. Ignoring this logic might earn Bakshi some extra bonus or brownie points for having forcibly bought back something very cheap from the market. But will leave a legacy that he might not be proud of when he puts his head on the pillow at night. @SEBI_India should look at this delisting in the right spirit rather than the checkboxes of delisting procedures. And lastly, the @LICIndiaForever and minority shareholders should not only oppose this vehemently but do what it takes to prevent themselves from being shortchanged. With inputs from @rajivmehta19

Anyone that requires help in voting for the delisting of ICICI SECURITIES can DM me. I assure you full support and assistance in the process. You may also connect over email at hoshnerpatel1@gmail.com #icicibank #icicisecurities @VikrantDarak @manurishiguptha

#ICICIbank is relentless in their pursuit to loot retail shareholders. Their employees are working overtime on holidays including Holi. Their greed has no boundaries. What a mockery of org culture & #corporategovernance #icicisecurities #delisting #StockMarketindia @SEBI_India?

Are #icicisecurities shareholders willing to save their home from being sold for peanuts? Will Viveknath be able to save his home??? Pls reach out incase you need any assistance - WhatsApp grp. chat.whatsapp.com/ExfmgK8iZku5Pm… Dante profoundly observed in the 13 th century "The hottest places in Hell are reserved for those who, in a period of moral crisis, maintain their neutrality"

If this becomes a precedent, trust me that it will set up a path for other promoters to skin minority s/holders at will. @RBI @SEBI_India @FinMinIndia @PMOIndia @MFSahiHai @amfiindia @NorgesBank @AnilSinghvi_ @_anujsinghal @KotakMF #stoptheloot #investorawarenes #icicisecurities

@RajeshJ90195414 @LICIndiaForever @VikrantDarak @manurishiguptha @MFSahiHai @Hoshnerpatel @QuantumAMC and @CalPERS have supported us protecting retail interest Hope @LICIndiaForever will continue supporting retail & protecting their fund invested ISEC will follow @Vedanta_Group after failed delisting attempt twitter.com/mukesh_rai/sta…

@LICIndiaForever We as a retail investor has a lot of trust in your Wisdom. You had already proved this by Rejection of Vedanta Delisting. Now, it is the turn of ICICI sec delisting, waiting for ur REJECTION.@VikrantDarak @manurishiguptha @mukesh_rai @MFSahiHai @Hoshnerpatel

@VikrantDarak @RBI @FinMinIndia @MCA21India @PMOIndia I totally agree with @VikrantDarak . #Corporategovernance is dead. I don't understand why mainstream media and regulators are asleep at the wheel. @SEBI_India @LICIndiaForever @AnilSinghvi_ PLEASE HELP MINORITY SHAREHOLDERS.

Not only Trustwell but the entire #icicibank staff is deployed to make calls & send msgs. This is one for the record books. Unprecedented greed backed by 'Strong Arm' tactics. It's a shame and a Black Day for our Indian Capital Markets. @RBI @FinMinIndia @MCA21India @PMOIndia

@DealsDhamaka @VikrantDarak @SEBI_India @AnilSinghvi_ @manurishiguptha @LICIndiaForever

PLEASE SHARE 🚨🚨🚨 #ICICIBANK is sending details of #ICICISECURITIES share holders to their branch managers and pushing them to reach out for voting towards the resolution… If I don’t have a broking account with ICICI, how can bank manager get details of my portfolio ? Why would you push yours agenda through your banking partners ? @SEBI_India - please take a note at this @ICICIBank @ICICIBank_Care #Investing #ICICIBANK