ICICI Bank Allots Over 4.7 Lakh Shares Under ESOP Scheme to Boost Employee Ownership

ICICI Bank announced on April 7, 2025, that it has allotted 470,764 equity shares of ₹2 face value each under its Employees Stock Option Scheme-2000. The decision was approved at 3:46 p.m. by two Executive Directors of the bank, acting under the authority delegated by the Board of Directors during its meeting held on October 21, 2023.

The allotment reaffirms ICICI Bank’s commitment to empowering employees by offering them equity ownership, thereby aligning individual growth with the company’s long-term success.

Transparency and Governance Ensured

The development was communicated to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), in line with the bank’s regulatory compliance and governance framework.

Rinku Maniar, Head – Stakeholders Management & Governance at ICICI Bank, stated in the official release, “This allotment under the ESOP scheme underscores ICICI Bank’s focus on recognising and rewarding the contributions of our employees. We believe that employee ownership fosters a stronger sense of commitment and alignment with the bank’s long-term goals.”

Shares Subject to Lock-in Period

As per ESOP scheme guidelines, the newly allotted shares will be subject to applicable lock-in periods. The bank will soon communicate further procedural details to the eligible employees.

This latest equity allotment is expected to positively impact employee morale and reinforce ICICI Bank’s reputation as one of the leading employers in the financial services sector.

Stock Performance 

On April 08, 2025, ICICI Bank share price traded 0.43% higher at ₹1,293.15 at 10:27 AM (IST). ICICI Bank’s share price reached a 52-week high of ₹1,372.50, and a 52-week low of ₹1,048.35. As per BSE, the total traded volume for the stock stood at 0.48 lakh shares with a turnover of ₹6.23 crores.

According to exchange data, ICICI Bank shares are trading at a price-to-earnings (P/E) ratio of 20.15x, based on its trailing 12-month earnings per share (EPS) of ₹64.18, and a price-to-book (P/B) ratio of 3.52.

Conclusion 

The latest allotment of shares under ICICI Bank’s ESOP-2000 scheme highlights the bank’s ongoing focus on employee engagement and retention through equity participation. By empowering employees with ownership stakes.

The bank aims to foster deeper alignment with its strategic vision and long-term growth. This move not only boosts employee morale but also strengthens ICICI Bank’s position as a progressive and people-centric leader in the financial services industry.

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