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