Federal Bank Allots Equity Shares Following Exercise of Stock Options
The Federal Bank Limited announced the allotment of equity shares to option grantees, following the exercise of stock options under two separate Employee Stock Option Schemes (ESOS). The allotments were made on April 27, 2026, subsequent to the payment of money by the allottees and the approval granted by the Nomination, Remuneration, Ethics and Compensation Committee.The company detailed two specific allotments under its stock option programs. The first was related to the ESOS 2010 Scheme, and the second concerned the ESOS 2017 Scheme. In both instances, the shares were allotted with a face value of Rs. 2/- each.The material details of the share allotments are...