Federal Bank Allots Equity Shares to Employees Following Stock Option Exercise
Federal Bank Ltd has announced the allotment of equity shares to Option Grantees following the exercise of stock options under its Employee Stock Option Scheme (ESOS). The allotments were completed on April 13, 2026, after the payment of money by the allottees.The allotment was made by the Bank after approval from the Nomination, Remuneration, Ethics and Compensation Committee.
The company reported the specific details of the equity share allotments under the two active schemes.
| Scheme | Date of Exercise | Shares Allotted | Face Value per Share |
|---|---|---|---|
| ESOS 2010 Scheme | April 13, 2026 | 3,625 | Rs. 2/- |
| ESOS 2017 Scheme | April 13, 2026 | 2,72,854 | Rs. 2/- |
The allotment of 3,625 equity shares under the ESOS 2010 Scheme relates to the Bank's equity shares with a face value of Rs. 2/- each. Separately, the Bank allotted 2,72,854 equity shares under the ESOS 2017 Scheme, also carrying a face value of Rs. 2/- each.
FEDERALBNK Stock Price Movement
Shares of The Federal Bank Limited are shedding 1.23% in live trading, currently trading at ₹288.1 as of 12:36 PM. The stock is seeing significant movement today, driven by 3.60 million shares traded so far in the market session.Source:
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