Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

The article discusses the criticism faced by SEBI regarding its role in the merger between ICICI Securities and ICICI Bank. The merger has sparked debates about SEBI’s regulatory oversight and the potential implications for shareholders and the market. Critics argue that SEBI's decisions may impact transparency and fairness in the merger process. The article highlights concerns about how regulatory bodies manage and oversee significant mergers and the balance between facilitating corporate growth and protecting investor interests.