Allotment of 211414 equity shares of Face Value of Rs.2 under ICICI Bank Stock Option Unit Scheme - 2022
ICICIBANK · price
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ICICI Bank has allotted 211,414 equity shares with a face value of Rs. 2 each on June 20, 2025, under its Employees Stock Unit Scheme-2022. The allotment was approved by two Executive Directors at 10:08 a.m. on the same day, exercising powers delegated by the Board at its meeting held on October 21, 2023. This is a routine issuance of shares to employees as part of their stock-based compensation. The number of shares allotted is small relative to the bank's overall share base, so the dilutive impact is minimal.
Minor dilution for existing shareholders due to fresh share issuance, but the size is negligible. The allotment is part of regular employee compensation and is unlikely to have any meaningful impact on the stock price.