Hoshner Patel

BE. Mech Engineering | MBA - Finance | NMIMS.

[Hoshner Patel @Hoshnerpatel]

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

[Hoshner Patel @Hoshnerpatel]

@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

[Hoshner Patel @Hoshnerpatel]

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

[ET NOW @ETNOWlive]

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

[Gurjot Ahluwalia @gurjota]

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.

[Manu Rishi Guptha @manurishiguptha]

@Alex_G_Simon of @business @Bloomberg brings out the plight of minority shareholders of #ICICISecurities

https://t.co/EETcQ4k4iw

[Hoshner Patel @Hoshnerpatel]

@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

[Vikrant Darak @VikrantDarak]

#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

[Hoshner Patel @Hoshnerpatel]

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

[Hoshner Patel @Hoshnerpatel]

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

[Hoshner Patel @Hoshnerpatel]

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

[Hoshner Patel @Hoshnerpatel]

@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

[Hoshner Patel @Hoshnerpatel]

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 [email protected]
#icicibank #icicisecurities @VikrantDarak @manurishiguptha

[Vikrant Darak @VikrantDarak]

#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?

[Manu Rishi Guptha @manurishiguptha]

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.
https://t.co/prKl4Rtdgx

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"

[Vikrant Darak @VikrantDarak]

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

[Ⓜukesh ₹ai @mukesh_rai]

@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

https://t.co/DC8SxDjnme

[Hoshner Patel @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.

[Hoshner Patel @Hoshnerpatel]

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