News Corporate Actions ICICI Prudential Life Insurance Allots 124,912 Equity Shares Under Employee Stock Option SchemesICICI Prudential Life Insurance Allots 124,912 Equity Shares Under Employee Stock Option Schemes
ICICI Prudential Life Insurance Company Limited allotted 124,912 equity shares of ₹ 10 face value each on February 24, 2026, under employee stock option schemes. The allotment comprised 121,072 shares from the ESOP 2005 scheme and 3,840 shares from the ESUS 2023 scheme. The Managing Director & CEO approved the allotment under Board-delegated authority from January 22, 2019, with the new shares ranking pari-passu with existing equity shares.
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ICICI Prudential Life Insurance Company Limited has completed the allotment of 124,912 equity shares under its employee stock option schemes on February 24, 2026. The allotment represents the company's ongoing commitment to employee participation through equity-based compensation programs.
Share Allotment Details
The company allotted equity shares with a face value of ₹ 10 each across two distinct employee schemes. The distribution demonstrates the utilization of both legacy and newer employee incentive programs within the organization.
| Scheme | Shares Allotted |
|---|---|
| ESOP Scheme (2005) | 121,072 |
| ESUS Scheme (2023) | 3,840 |
| Total Allotment | 124,912 |
Approval and Authorization
The allotment received approval from the Managing Director & CEO on February 24, 2026, at 11:51 a.m. IST. This approval was granted under the authority delegated by the Board of Directors during their meeting held on January 22, 2019. The delegation of authority enables efficient processing of employee stock option exercises without requiring individual board approvals for each allotment.
Share Rights and Ranking
The newly allotted equity shares will rank pari-passu with the existing equity shares of the company. This ensures that employees receiving shares under the stock option schemes enjoy the same rights and privileges as other shareholders, including voting rights and dividend entitlements.
Scheme Overview
The allotment utilized two employee compensation schemes - the ICICI Prudential Life Insurance Company Limited Employees Stock Option Scheme established in 2005, which accounted for the majority of shares at 121,072 units, and the more recent Employees Stock Unit Scheme introduced in 2023, contributing 3,840 shares to the total allotment.
Historical Stock Returns for ICICI Prudential Life Insurance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | +3.21% | +3.55% | +5.65% | +16.77% | +40.45% |
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