ICICIBANKNSEICICI Bank Limited· BanksLowNeutral
Announced Thu, 30 Apr · 12:12 IST

ICICI Bank Limited has informed the Exchange regarding Allotment of 699237 Shares.

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ICICIBANK · price

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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹1279.50
prior close
₹1262.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.1+0.1-0.8-2.2+0.0-0.0-0.9-2.7-1.0-3.2+7.8
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AI summary

ICICI Bank has allotted 699,237 equity shares of face value Rs.2 each on April 30, 2026. The shares were allotted under the ICICI Bank Employees Stock Option Scheme-2000, which allows eligible employees to convert their vested stock options into equity shares. The allotment was approved by two Executive Directors at 11:55 a.m., acting under powers delegated by the Board of Directors from their meeting held on October 21, 2023. This is a routine corporate action related to employee compensation through equity participation.

Likely market impact

This is a routine ESOS allotment with minimal dilution impact given the large number of shares outstanding. The new shares will increase the total share capital marginally but is neutral for existing shareholders.