Over Two Lakh Shares Allocated by ICICI Bank Under Its Employee Stock Option Scheme
Last Updated: 8th October 2026 - 11:17 am
ICICI Bank has allocated over two lakh equity shares to its employees under its stock option scheme, which continues with the allocation of shares associated with its employee stock options program.
The private sector bank said that it had allocated 202,836 equity shares on October 6, 2023, under the ICICI Bank Employees Stock Option Scheme 2000.
The face value of each of the shares thus allotted is ₹2.
Allocation Approved by the Bank’s Executive Directors
The allocation has been approved by two executive directors of ICICI Bank on Tuesday, with the approval finalized at 9:59 am.
The powers of the executives have been conferred upon them by the bank’s Board of Directors at their meeting on October 21, 2023.
ICICI Bank has made its announcement in regard’s to the allotment to both BSE and NSE.
Shares Allotted via Existing ESOP Scheme
This allotment was carried out via ICICI Bank’s existing employee stock option plan.
Under an employee stock option scheme, eligible employees can purchase shares in a business firm on the basis of the respective scheme.
Such announcements for ICICI Bank are not unique. The bank has made similar announcements to the stock exchanges during the year, as its employees have exercised their options under stock-based compensation schemes.
The announcement made by the bank on Tuesday only relates to the allotment of 202,836 equity shares. It does not involve any other capital raising process.
After obtaining approval, the allotment of the shares will constitute equity capital for the bank, as per the employee stock option scheme.
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