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ICICI Bank has allotted 912,191 equity shares on April 21, 2026, under its employee stock option scheme. Each share has a face value of ₹2, as disclosed in a filing to the stock exchanges dated April 21, 2026.  

The allotment relates to stock options exercised by employees under the ICICI Bank Employees Stock Option Scheme–2000. 

Approval Process 

The issuance was approved by 2 Executive Directors of the bank. The final approval was recorded on the same day.  

This approval was carried out under authority delegated by the Board of Directors. The delegation was granted at a board meeting held on October 21, 2023. 

Nature of the Scheme 

The ESOP scheme allows employees to convert stock options into equity shares after meeting specified conditions. The shares issued in this instance arise from options granted earlier and exercised during the period. 

Such allotments typically result in a marginal increase in the bank’s paid-up share capital, depending on the number of options exercised. 

Exchange Disclosure 

The bank informed both BSE Limited and the National Stock Exchange of India about the allotment. The disclosure is part of routine regulatory requirements related to changes in share capital.  

The communication was signed by a member of the bank’s Associate Leadership Team, confirming the details of the allotment. 

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ICICI Bank Share Price Performance  

As of April 21, 2026, 1:36 pm, ICICI Bank Ltd share price was trading at ₹1,387.40, up 2.30% from the previous closing price. 

Conclusion 

The development marks a standard ESOP-related allotment, with shares issued following internal approvals and disclosed as per exchange requirements. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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