ICICI Bank Limited has informed the Exchange regarding allotment of 24932 securities pursuant to ESOP/ESPS at its meeting held on May 08, 2025
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ICICI Bank allotted 24,932 equity shares with a face value of ₹2 each on May 8, 2025, under its Employees Stock Unit Scheme-2022 (ESOP). The allotment was approved by two Executive Directors at 4:08 p.m. on the same day, exercising powers delegated by the Board on October 21, 2023. This is a routine disclosure informing stock exchanges about shares issued to employees upon exercising their stock options. The number of shares allotted is very small relative to ICICI Bank's overall share base, so the dilutive impact is negligible.
This is a routine ESOP allotment with minimal impact on shareholders — the number of new shares is tiny compared to ICICI Bank's total outstanding equity, so dilution is negligible and there is no material effect on the stock price.