Mumbai, January 28, 2025 – ICICI Bank Limited has announced the allotment of 93,616 equity shares of face value ₹2 each under its ICICI Bank Employees Stock Option Scheme-2000.
Key Details
Date of Allotment: January 28, 2025.
Approval Process: The allotment was approved by two Executive Directors of the Bank at 9:43 AM, under powers delegated by the Board of Directors during its meeting on October 21, 2023.
Purpose: This allotment forms part of ICICI Bank's efforts to incentivize employees and align their interests with long-term organizational goals.
The announcement complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Implications for Shareholders
This share allotment reflects ICICI Bank's continued focus on employee retention and motivation through equity participation. The updated equity structure post-allotment will be disclosed in the Bank's upcoming filings.