Federal Bank Allots 62,111 Equity Shares After Employee Stock Option Exercise
Federal Bank Ltd announced the allotment of equity shares following the exercise of stock options under its Employee Stock Option Scheme (ESOS). The allotment, which took place on April 20, 2026, was executed after the funds were received from the allottees.The allotment was approved by the Nomination, Remuneration, Ethics and Compensation Committee of the bank.
In a transaction related to the ESOS 2017 Scheme, the bank allotted 62,111 equity shares of the company to the option grantees. The shares carry a face value of Rs. 2/- each.
The details of the share allotment are summarized below:
| Metric | Value |
|---|---|
| Allotment Date | April 20, 2026 |
| Total Equity Shares Allotted | 62,111 |
| Face Value Per Share | Rs. 2/- |
| Scheme | ESOS 2017 Scheme |
| Corporate Action | Allotment on exercise of stock options |
FEDERALBNK Stock Price Movement
Shares of The Federal Bank Limited are edging higher to ₹295.35 as of 2:49 PM, gaining 0.54% in live trading. The stock is experiencing robust interest, currently trading on a volume of 8.61 million shares.Source:
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