ICICI Lombard General Insurance Allots 103,173 Equity Shares Through Employee Schemes
ICICI Lombard General Insurance Company Ltd announced the allotment of a total of 103,173 equity shares on May 6, 2026. Each allotted share has a face value of ₹ 10.The allotment was executed under two distinct employee share schemes. The total shares distributed through these programs are intended to rank pari-passu with the existing equity shares of the Company in all respects.
The details of the allotted shares across the various schemes are as follows:
| Scheme | Number of Shares Allotted |
|---|---|
| ICICI Lombard Employees Stock Option Scheme - 2005 | 75,627 |
| ICICI Lombard - Employees Stock Unit Scheme - 2023 | 27,546 |
| Total Shares Allotted | 103,173 |
The Company confirmed that the allotment of shares was approved by a Whole-time Director on May 6, 2026, leveraging authority delegated by the Board of Directors during its meeting held on July 18, 2023.
ICICIGI Stock Price Movement
Shares of ICICI Lombard General Insurance Company Limited are rallying to ₹1799.3 as of 12:36 PM, climbing 1.26% in live trading to benefit from positive market momentum. The stock activity is underpinned by robust volume, with 518,933 shares traded so far in the session.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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