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ICICI Bank plans to sell 2.21% stake in ICICI Securities to meet norms

ICICI Bank, the second-largest private bank in the country, has said that it will sell 2.21% stake in its subsidiary company ICICI Securit…

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ICICI Bank plans to sell 2.21% stake in ICICI Securities to meet norms

ICICI Bank, the second-largest private bank in the country, has said that it will sell 2.21% stake in its subsidiary company ICICI Securities. The sale will be done through Offer for Sale (OFS). Through this sale, the bank will at least fulfill the rules of shareholding.

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Information given to the stock market

ICICI Bank said in a stock exchange filing that the board of directors of the bank in its meeting on Tuesday approved the sale of 71.21 lakh equity shares of ICICI Securities Limited at the rate of Rs 5 per share. ICICI Securities will hold that much share as 2.21%. Following the announcement of the sale, ICICI Securities shares rose 1.36% to Rs 460.90 on the Bombay Stock Exchange BSE on Tuesday.

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SEBI warns

Let me tell you that on Tuesday, market regulator SEBI had warned ICICI Securities in its research report to take proper care of accuracy. Let us know you that the promoters holding in ICICI Securities is 77.22%. According to SEBI regulations, it should be 75%. 25% holding should be with the public. This stake will be sold to meet the same rule.

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Now holding 22.78%

Currently, public holding in ICICI Securities is 22.78%. The bank will get around Rs 328 crore from the sale of 2.21% stake. Its stock was at Rs 203 in March this year, which has now more than doubled to Rs 460. ICICI Securities basically provides broking and other services. Let us know that many companies of ICICI Group are listed. Now the next number is that of ICICI Prudential Asset Management which could be listed next year.

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Net Worth

George T. Conway Net Worth 2024: How Much is the American Lawyer Worth?

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George T. Conway Net Worth 2024: How Much is the American Lawyer Worth?

Who is George T. Conway?

George T. Conway, also known as George Thomas Conway III, is a distinguished American lawyer and political activist. Born on September 2, 1963, in Boston, Massachusetts, Conway is renowned for his legal expertise and vocal opposition to former President Donald Trump’s administration.

George T. Conway Career

Conway’s legal career is illustrious, marked by significant contributions to various fields such as securities, mergers and acquisitions, contracts, and antitrust issues. He began his career as a law clerk at the US Court of Appeals and later joined prestigious law firms, including Wachtell, Lipton, Rosen, and Katz. Notable cases include representing Paula Jones in a trial against President Bill Clinton and securing a victory against the National Australia Bank. Furthermore, Conway has been actively involved in political activism, co-founding groups like Checks and Balances and the Lincoln Project, which oppose Trumpism and advocate for democratic principles.

George T. Conway Net Worth

As of 2024, according to Celebrity Net Worth, George T. Conway’s net worth is estimated to be approximately $39 million. His wealth primarily stems from his successful legal career, where he has handled high-stakes cases and served as a partner in prestigious law firms. Additionally, Conway’s involvement in political activism, public speaking engagements, and media appearances contribute to his financial status.

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George T. Conway Age

Born on September 2, 1963, George T. Conway is currently 60 years old as of 2024.

George T. Conway Family: Wife and Children

George T. Conway was previously married to Kellyanne Fitzpatrick Conway, a prominent political consultant and former White House counselor. The couple has four children: Claudia, Vanessa, Charlotte, and George Jr. Their marriage ended in separation in 2023.

George T. Conway Height and Weight

George T. Conway stands at 5 feet 7 inches tall and weighs around 84 kg. He possesses a charming personality with black hair and captivating black eyes.

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World

Grindr, LGBTQ+ Dating App, Faces Lawsuit in UK Over Alleged Sharing of Users’ HIV Status

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Gay dating app Grindr has been slapped with a lawsuit instituted by hundreds of its users. The lawsuit alleges that the app shared private information, including the HIV status of users, with third parties without consent. Filed in London’s High Court, the lawsuit, according to Austen Hays from the law firm representing the plaintiffs, suggests that thousands of Grindr users in the United Kingdom may have been affected.

The law firm claims that Grindr shared highly sensitive user information with third parties for commercial purposes, including HIV status. Grindr, the largest dating app catering specifically to the LGBT community, is accused of sharing data with data analytics companies Apptimize and Locally.

The lawsuit further alleges that the app used covert tracking technology to gather sensitive information, which was then unlawfully shared with advertisers. With over 13 million monthly users and more than 924,000 users reported in the UK as of May 2023, Grindr boasts the highest engagement among dating apps, with users spending an average of six hours and 49 minutes on the app per month.

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A spokesman for the gay dating app stated that they would “respond vigorously to this claim, which appears to be based on a mischaracterization of practices from more than four years ago.”

The lawsuit, signed by more than 670 respondents, claims that the breach occurred between 2018 and 2020. It is anticipated that more people could join the case, potentially numbering in the thousands. If successful, plaintiffs could receive thousands of pounds in damages.

The managing director of the law firm representing the plaintiffs, Chaya Hanoomanjee, stated, “Grindr owes it to the LGBTQ+ community it serves to compensate those whose data has been compromised and have suffered distress as a result. The company must ensure all its users are safe while using the app, wherever they are, without fear that their data might be shared with third parties.”

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Grindr’s spokesperson reiterated the company’s commitment to protecting user data, asserting that they have robust processes in place that fully comply with data privacy regulations in the UK and elsewhere.

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Net Worth

Scott Galloway Net Worth 2024: How Much is the Business Professional Worth?

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Scott Galloway Net Worth 2024: How Much is the Business Professional Worth?

Who is Scott Galloway?

Scott Galloway is a prominent figure in the American business landscape, renowned for his multifaceted career as a professor, author, entrepreneur, podcast host, and public speaker. He is best known for his role as a marketing professor at the New York University Stern School of Business.

Scott Galloway Career

After completing his MBA at UC Berkeley’s Haas School of Business, Galloway founded Prophet, a successful brand and marketing consulting firm. He later ventured into e-commerce with the founding of Red Envelope in 1997. His entrepreneurial ventures have been influential in shaping the digital landscape, with Red Envelope being an early player in the e-commerce industry.

Scott Galloway’s Net Worth

As of 2024, according to Celebrity Net Worth, Scott Galloway’s net worth is estimated to be around $40 million. His income streams include teaching, writing books, hosting podcasts, and various business ventures. Galloway’s expertise in marketing and technology has contributed significantly to his financial success.

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Scott Galloway Age

Born on November 3, 1964, Scott Galloway is currently 58 years old as of 2023.

Scott Galloway Family: Wife and Children

Scott Galloway is married to his wife, Kimberly Galloway. They share a life filled with love and support, although details about their relationship are not extensively publicized. Together, they have two sons.

Scott Galloway Height and Weight

Information regarding Scott Galloway’s height and weight is not readily available.

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