Allotment of 66,061 equity shares at FV Rs 2 each under ICICI Bank Employees Stock Unit Scheme 2022.
ICICIBANK · price
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ICICI Bank has allotted 66,061 equity shares of face value ₹2 each on May 8, 2026 under the ICICI Bank Employees Stock Unit Scheme-2022. The total number of shares allotted is relatively small at 66,061 shares. The allotment was approved by two Executive Directors at 12:10 p.m. based on board powers delegated on October 21, 2023. This represents routine employee compensation through equity under the bank's stock unit scheme. The shares will be allotted to eligible employees participating in the ESUS 2022 plan.
This is a routine corporate action with minimal impact on existing shareholders. The share issuance causes slight equity dilution but is standard practice for employee stock ownership. The number of shares (66,061) is small relative to ICICI Bank's total equity base, so the per-share impact is negligible.