ICICI Bank Allots Over 8.5 Lakh Equity Shares Under Employee Stock Option Scheme

Mumbai, May 28, 2025: ICICI Bank, one of India’s leading private sector banks, announced the allotment of 859,191 equity shares under its Employees Stock Option Scheme-2000. The shares, with a face value of ₹2 each, were allotted on May 28, 2025, as part of the bank’s ongoing employee reward and retention program.

The allotment was approved at 9:49 AM by two Executive Directors, under the authority delegated by the Bank’s Board of Directors in a meeting held on October 21, 2023.

This move reinforces the bank’s commitment to employee engagement through equity participation and aligns long-term employee interests with that of shareholders.

The official communication was made to the BSE Limited and the National Stock Exchange of India Limited on Wednesday.

Rinku Maniar, Head of Stakeholders Management & Governance at ICICI Bank, confirmed the development in an official filing.

Employee Stock Option Scheme (ESOS) is a company program that gives employees the option to buy shares of the company at a pre-decided price after a certain period of time, usually at a price lower than the current market value.

Example of ESOS:

A company grants 1000 stock options to an employee at ₹100 per share. Current market price: ₹300. After 3 years, employee exercises the option and buys shares at ₹100. Instant benefit: ₹200 * 1000 = ₹2,00,000 (on paper).

Benefits of ESOS:

• Motivates employees to work for company growth
• Helps in employee retention
• Aligns employee interest with company performance
• May provide long-term wealth creation