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2 ICICI Securities directors step down

ICICI Securities Ltd. said Chanda Kochhar and Vishakha Mulye resigned from the company's board, effective Oct. 5.

Kochhar also stepped down as managing director and CEO of ICICI Bank Ltd., effective Oct. 4, amid an investigation into her involvement in the disbursement of allegedly improper loans to conglomerate Videocon Group.

ICICI Securities is majority owned by ICICI Bank.