<h1>Fedbank Financial Services Ltd Increases Capital Following Allotment of Shares from Stock Option Exercise</h1>
Fedbank Financial Services Ltd has reported an increase in its paid-up equity share capital following the allotment of 54,650 equity shares. This action was approved by the Committee of Directors (Operations) and relates to vested stock options exercised by grantees under the 'Fedbank Financial Services Limited - Employees Stock Option Scheme - 2018' (ESOS 2018) and 'Fedbank Financial Services Limited - Employees Stock Option Scheme - 2024' (ESOS 2024).
The allotment of the equity shares, with a face value of Rs. 10/- each, has resulted in an enhancement to the company’s capital structure. The paid-up equity share capital transitioned from its previous standing to the new figures detailed below:
| Capital Metric | Prior Allotment Details | Post Allotment Details |
|---|---|---|
| Total Paid-up Equity Share Capital | Rs. 3,74,90,60,810/- | Rs. 3,74,96,07,310 /- |
| Number of Equity Shares | 37,49,06,081 | 3,74,96,07,31 |
The newly allotted shares are confirmed to rank pari-passu with the company’s existing equity shares. Fedbank Financial Services Limited is currently completing the necessary formalities related to the listing of these allotted equity shares on stock exchanges.
FEDFINA Stock Price Movement
Today, shares of Fedbank Financial Services Limited rallied to close at ₹159.34, registering a strong gain of 3.11% during trading. The equity traded within a tight intraday range, hitting a low of ₹154.49 and reaching a high of ₹160.00.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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