News Corporate Actions ICICI Bank Allots 376,461 Equity Shares Under Employee Stock Option SchemeICICI Bank Allots 376,461 Equity Shares Under Employee Stock Option Scheme
ICICI Bank Limited allotted 376,461 equity shares of Rs.2 face value each under its Employee Stock Option Scheme-2000 on February 27, 2026. The allotment was approved by two Executive Directors at 10:52 a.m. under powers delegated by the Board of Directors from their October 21, 2023 meeting. The bank has formally communicated this corporate action to BSE and NSE as per regulatory requirements.
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ICICI Bank has completed the allotment of equity shares under its Employee Stock Option Scheme, marking another milestone in the bank's employee incentive program. The allotment was formally communicated to stock exchanges on February 27, 2026.
Share Allotment Details
The bank has allotted a total of 376,461 equity shares under the ICICI Bank Employees Stock Option Scheme-2000. Each share carries a face value of Rs.2, representing the bank's commitment to employee participation in its equity growth.
| Parameter: | Details |
|---|---|
| Number of Shares: | 376,461 |
| Face Value per Share: | Rs.2 |
| Scheme: | ICICI Bank Employees Stock Option Scheme-2000 |
| Allotment Date: | February 27, 2026 |
| Approval Time: | 10:52 a.m. |
Approval Process
The allotment received approval from two Executive Directors of ICICI Bank on February 27, 2026, with the final approval recorded at 10:52 a.m. This approval was granted under the authority delegated by the Board of Directors during their meeting held on October 21, 2023.
The formal communication was signed by Prashant Mistry from the Associate Leadership Team and was digitally authenticated on February 27, 2026, at 11:03:17 IST. The bank has notified both BSE Limited and the National Stock Exchange of India Limited about this corporate action as per regulatory requirements.
Employee Stock Option Framework
The allotment falls under the ICICI Bank Employees Stock Option Scheme-2000, which serves as a key component of the bank's employee retention and incentive strategy. This scheme enables eligible employees to acquire equity stakes in the bank, aligning their interests with shareholder value creation.
Historical Stock Returns for ICICI Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.04% | -3.44% | -11.23% | -12.07% | -4.56% | +116.06% |
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