HC directs Sebi to disclose ICICI Securities exemption letter

In a ruling on Wednesday, the court directed the Securities and Exchange Board of India (Sebi) to provide the petitioner-ICICI Securities shareholder Aruna Vinod Modi-with a copy of the exemption letter, subject to a non-disclosure undertaking. The investor had moved the court, contesting Sebi's decision to grant parent ICICI Bank relaxation from rules on delisting the broking firm.