ICICI Bank rewards employees equity shares worth Rs. 5 lakh under ESOS

Earlier this month, the company raised Rs 5,000 crore by issuing 50,000 unsecured redeemable long-term bonds.

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After Tech Mahindra and ITC, ICICI Bank also made an announcement of allotting 276,605 equity shares worth Rs 5,53,210 to employees through an exchange filing. The shares, worth Rs 2 each, will be rewarded under the Employee Stock Option Scheme (ESOS).

The company had earlier this month raised Rs 5,000 crore by issuing 50,000 unsecured redeemable long-term bonds.

The shares of ICICI Bank closed at Rs 890.40, up by 0.21 per cent, on December 22, 2022.

ICICI Bank is a leading private sector bank in India that offers net banking services and personal banking services like accounts and deposits, cards, loans, and so on. It is headquartered in Mumbai.

The bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment bankings, life and  non-life insuarance,  venture capital, and  asset management.

This financial institution has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

 

 

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