ICICI Lombard General Insurance Company Limited — Others, 25-07-2025: ESOP/ESOS/ESPS
25-07-2025 | 12:27 pm
25-07-2025 | 12:27 pm
ICICI Lombard has allotted 162,038 new equity shares, each with a face value of ₹10. These shares were issued under the company's employee stock option and stock unit schemes, specifically 159,050 shares from the 2005 ESOP and 2,988 from the 2023 ESU scheme. This strategic allotment aims to incentivize employees and align their interests with long-term company growth. While it represents a slight increase in outstanding shares, it's a standard practice for employee retention and performance alignment, benefiting stakeholders by fostering a committed workforce.
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