ICICI Bank Limited has informed the Exchange regarding Allotment of 512856 Shares.
ICICIBANK · price
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ICICI Bank has allotted 512,856 equity shares of face value Rs.2 each on May 22, 2025 under the ICICI Bank Employees Stock Option Scheme (ESOS-2000). The allotment was approved by two Executive Directors at 10:02 a.m. under powers delegated by the Board at its October 21, 2023 meeting. This is a routine ESOP-related allotment issued to employees who have exercised their stock options.
This is a routine, small-scale ESOP allotment (worth roughly Rs.40-45 crore based on recent market price) and is unlikely to have any meaningful impact on the stock price. It results in minor equity dilution and is part of the bank's regular employee compensation process.