ICICI Bank Limited has informed the Exchange regarding Allotment of 694395 Shares.
ICICIBANK · price
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ICICI Bank has allotted 694,395 equity shares with a face value of Rs.2 each on June 10, 2025, under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors of the bank at 11:12 a.m., exercising powers delegated by the Board at its meeting on October 21, 2023. This is a routine ESOP exercise where employees have vested and exercised their stock options. The number of shares allotted represents a very small fraction of ICICI Bank's total share capital base.
This is a routine, small-scale ESOP allotment and is unlikely to have any material impact on the stock price or shareholder value. It may cause negligible dilution, which is already factored in by the market.