ICICI Prudential Life Allots 9,200 Equity Shares Under ESOP Scheme

Mumbai, January 28, 2025 – ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI, BSE: 540133) has announced the allotment of 9,200 equity shares under its Employee Stock Option Scheme (ESOP) 2005. The allotment was approved and executed on January 28, 2025, at 12:00 PM IST.

Key Details of the ESOP Allotment​

• Total Shares Issued: 9,200 equity shares.
• Face Value: ₹10 per share.
• Issuance Under: ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005).

Strategic Implications​

This equity issuance is part of ICICI Prudential Life’s long-term incentive program, aimed at:

• Retaining and rewarding employees for their contributions.
• Aligning employee interests with shareholder value creation.
• Enhancing workforce motivation through equity participation.

Market Impact & Investor Outlook​

While the allotment represents a small portion of the company’s total share capital, it reflects ICICI Prudential Life’s commitment to talent retention and performance-linked compensation strategies.