News Corporate Actions ICICI Prudential Life Insurance Allots 58,367 Equity Shares Under Employee Stock Option SchemesICICI Prudential Life Insurance Allots 58,367 Equity Shares Under Employee Stock Option Schemes
ICICI Prudential Life Insurance Company Limited allotted 58,367 equity shares of ₹10 face value each on March 4, 2026, under employee stock schemes. The distribution included 57,150 shares from the 2005 Employee Stock Option Scheme and 1,217 shares from the 2023 Employee Stock Unit Scheme. The allotment was approved by the MD & CEO 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 58,367 equity shares under its employee stock option schemes on March 4, 2026. The shares, each carrying a face value of ₹10, were distributed across two distinct employee benefit schemes as part of the company's ongoing commitment to employee participation in equity ownership.
Allotment Details
The equity share allotment was structured across two employee schemes, reflecting the company's multi-tiered approach to employee stock benefits:
| Scheme: | Shares Allotted |
|---|---|
| ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005): | 57,150 |
| ICICI Prudential Life Insurance Company Limited - Employees Stock Unit Scheme (2023): | 1,217 |
| Total Shares Allotted: | 58,367 |
| Face Value per Share: | ₹10 |
Approval and Authorization
The allotment received formal approval from the Managing Director & CEO of the company on March 4, 2026, at 11:54 a.m. IST. This approval was granted under the authority previously delegated by the Board of Directors during their meeting held on January 22, 2019. The delegation of authority demonstrates the company's established framework for efficient execution of employee stock option schemes.
Share Characteristics
The newly allotted equity shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. This standard provision maintains uniformity in shareholder treatment and preserves the established equity structure of the organization.
Regulatory Compliance
The company has fulfilled its disclosure obligations by informing both the BSE Limited and National Stock Exchange of India Limited about the allotment. The formal communication was signed by Company Secretary Priya Nair (ACS 17769) and includes digital authentication dated March 4, 2026. Additional information regarding this allotment is accessible through the company's official website at iciciprulife.com.
Historical Stock Returns for ICICI Prudential Life Insurance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.05% | -5.59% | -2.30% | +2.69% | +13.13% | +31.42% |
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