ICICI Lombard Allots 57,538 Equity Shares Across Two Employee Schemes
ICICI Lombard General Insurance Company Ltd has announced the allotment of a total of 57,538 equity shares, each having a face value of ₹10. The allocation covers two specific employee stock schemes under the company’s umbrella.The newly allotted shares are intended for various incentive programs within the company structure. A breakdown of the allotment across the designated schemes is as follows:
| Scheme Name | Number of Shares Allotted |
|---|---|
| ICICI Lombard Employees Stock Option Scheme - 2005 | 55,684 |
| ICICI Lombard - Employees Stock Unit Scheme - 2023 | 1,854 |
The allotment confirmed that the newly issued equity shares will rank pari-passu with all existing equity shares of ICICI Lombard General Insurance Company Ltd in every respect.
ICICIGI Stock Price Movement
On Friday, shares of ICICI Lombard General Insurance Company Limited settled at ₹1772.80 after edging higher to gain 0.65%. The stock traded within a defined range during the session, hitting a low of ₹1762.90 and peaking at ₹1783.00 amid a trading volume of 408,344 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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