ICICI Bank Allots 2.75 Lakh Shares to Employees Under Stock Option Scheme
Mumbai, January 19, 2026 – Private sector lender ICICI Bank has allotted 2,75,884 equity shares to its employees under the bank's long-running employee stock option plan.
The allotment was made under the ICICI Bank Employees Stock Option Scheme-2000, according to a regulatory filing submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Key Details:
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Number of Shares Allotted: 275,884
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Face Value: ₹2 per share
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Date of Allotment: January 19, 2026
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Approval Time: 4:38 PM
Approval Process:
The allotment was approved by two Executive Directors of the bank, exercising powers delegated to them by the Bank's Board of Directors. This delegation was originally granted during the board meeting held on October 21, 2023.
About ESOP Scheme:
The ICICI Bank Employees Stock Option Scheme-2000 is one of the bank's longest-running employee benefit programs, designed to reward and retain talent by offering ownership stakes in the company. Such schemes align employee interests with shareholder value creation and are common in the banking and financial services sector.
Regulatory Compliance:
The bank has duly informed the stock exchanges about the equity share allotment as required under Securities and Exchange Board of India (SEBI) regulations governing listed companies.
Recent Context:
Employee stock option allotments are routine corporate actions for large organizations like ICICI Bank, which employs thousands of professionals across its operations. The bank regularly uses such instruments as part of its compensation and retention strategy.
About ICICI Bank:
ICICI Bank is one of India's leading private sector banks with a widespread presence across retail and corporate banking. The bank has consistently used ESOPs as part of its employee reward mechanism since the early 2000s.