ICICI Bank Allots 3,78,765 Shares Under Employee Stock Unit Scheme

New Delhi: Private sector lender ICICI Bank has allotted 3,78,765 equity shares of face value ₹2 each under the ICICI Bank Employees Stock Unit Scheme-2022 (ESUS-2022), according to a regulatory filing made by the bank on Thursday.

The allotment was completed on June 18, 2026, and received approval from two Executive Directors at 12:09 p.m., which marked the time of the final approval.

Share Allotment Approved Under Delegated Authority

ICICI Bank stated that the approval for the allotment was granted pursuant to powers delegated by the Board of Directors during its meeting held on October 21, 2023.

The newly allotted shares have a face value of ₹2 each and were issued under the bank's employee stock unit scheme aimed at rewarding and retaining employees.

Also Read: HDFC Bank Allots 31,60,300 Equity Shares Under ESOP/RSU; Paid-Up Capital Rises

Employee Stock Scheme

The ICICI Bank Employees Stock Unit Scheme-2022 is designed to provide equity-linked incentives to employees and align their interests with the long-term growth objectives of the bank.

Employee stock-based compensation plans are commonly used by companies to enhance employee engagement and encourage value creation for shareholders.

Key Highlights

• ICICI Bank allotted 3,78,765 equity shares on June 18, 2026.

• The shares carry a face value of ₹2 each.

• The allotment was made under the ICICI Bank Employees Stock Unit Scheme-2022.

• Two Executive Directors approved the allotment at 12:09 p.m.

• The authority for the issue was delegated by the Board of Directors in October 2023.