Description

BSE announces listing of additional equity shares issued under ESOP/ESOS schemes by ICICI Prudential Life, L&T, RBL Bank, and Wipro, effective February 6, 2026.

Summary

BSE has approved the listing and trading of additional equity shares issued by four companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The new securities will be available for trading starting February 6, 2026. All shares are listed without any lock-in period restrictions.

Key Points

  • ICICI Prudential Life Insurance Company Limited (Scrip Code: 540133, ISIN: INE726G01019): 224,000 shares of face value ₹10
  • Larsen & Toubro Limited (Scrip Code: 500510, ISIN: INE018A01030): 30,657 shares of face value ₹2
  • RBL Bank Limited (Scrip Code: 540065, ISIN: INE976G01028): 341,431 shares of face value ₹10
  • Wipro Limited (Scrip Code: 507685, ISIN: INE075A01022): 154,549 shares of face value ₹2
  • Total new shares being listed: 750,637 shares across all four companies
  • No lock-in period applies to any of the listed securities
  • Distinctive number ranges have been assigned to each company’s new shares

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification for shares issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Market participants should update their systems to reflect the increased share capital for the mentioned companies
  • Trading members should note the new distinctive number ranges for each company
  • All participants must ensure proper settlement procedures for the newly listed securities

Important Dates

  • Notice Date: February 5, 2026
  • Trading Commencement Date: February 6, 2026 (Friday)
  • Lock-in Expiry: Not applicable (NA) - no lock-in restrictions

Impact Assessment

Market Impact: Minimal. The listing represents routine ESOP conversions by employees of the four companies. The share quantities are relatively small compared to the free float of these large-cap companies:

  • ICICI Prudential Life: 224,000 shares (negligible percentage of total equity)
  • L&T: 30,657 shares (minimal impact)
  • RBL Bank: 341,431 shares (largest absolute number but still minor relative to total shares)
  • Wipro: 154,549 shares (minimal impact)

Operational Impact: Purely administrative with no changes to trading procedures or settlement mechanisms. Market participants should ensure systems are updated to reflect the expanded share capital.

Liquidity Impact: Negligible increase in tradable shares with no lock-in restrictions, allowing immediate market liquidity for these securities.

Impact Justification

Routine administrative listing of ESOP shares with no lock-in restrictions; minimal market impact as shares represent standard employee compensation conversions