ICICI Prudential Life Allots 1.31 Lakh Equity Shares Under Employee Stock Schemes

Mumbai: ICICI Prudential Life Insurance Company Limited has announced the allotment of 130,830 equity shares with a face value of ₹10 each under its employee stock-based compensation schemes.

According to the company’s regulatory filing, the allotment was approved on March 10, 2026, by the Managing Director and CEO under authority delegated by the Board of Directors.

Out of the total shares allotted, 128,730 equity shares were issued under the ICICI Prudential Life Insurance Company Limited – Employees Stock Option Scheme (2005), while 2,100 equity shares were issued under the ICICI Prudential Life Insurance Company Limited – Employees Stock Unit Scheme (2023).

The company stated that the newly allotted shares will rank pari-passu with the existing equity shares, meaning they will carry the same rights and benefits as other shares currently in circulation.

Employee stock option and unit schemes are commonly used by companies to reward employees and align their interests with long-term company performance. The allotment reflects ICICI Prudential Life’s continued use of equity-based incentives to retain and motivate its workforce.