ICICI Bank Limited has informed the Exchange regarding Allotment of 1565022 Shares.
ICICIBANK · price
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ICICI Bank has allotted 1,565,022 equity shares with a face value of Rs.2 each on May 6, 2025. These shares were issued under the ICICI Bank Employees Stock Option Scheme-2000 (ESOS-2000). The allotment was approved by two Executive Directors at 1:42 p.m., exercising powers delegated by the Board at its October 21, 2023 meeting. This is a routine ESOP exercise and represents a marginal increase in the bank's total share count.
The allotment causes a very minor dilution for existing shareholders, as new shares are issued to employees exercising their stock options. The impact on share price is negligible given the small size relative to ICICI Bank's overall share base.