Federal Bank Allots Shares Following Exercise of Employee Stock Options
The Federal Bank Limited confirmed the allotment of equity shares to option grantees, following the exercise of stock options under its Employee Stock Option Scheme (ESOS). The allotments were processed on May 9, 2026, after receiving payment from the allottees.The company stated that the allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee. The shares allotted were issued at a face value of Rs. 2 each.
The total allotment details across the two schemes are presented below:
| Scheme Name | Allotment Date | Number of Shares Allotted | Face Value per Share |
|---|---|---|---|
| ESOS 2010 Scheme | May 09, 2026 | 6,165 | Rs. 2/- |
| ESOS 2017 Scheme | May 09, 2026 | 2,23,722 | Rs. 2/- |
The initial allotment of 6,165 equity shares was made to option grantees exercising stock options under the ESOS 2010 Scheme. Additionally, an allotment of 2,23,722 equity shares was made to grantees exercising stock options under the ESOS 2017 Scheme, bringing the total successful allotment of shares to the option grantees.
FEDERALBNK Stock Price Movement
On Friday, The Federal Bank Limited shares edged higher, settling at ₹297.4, which reflected a gain of 0.12% for the session. The stock saw notable activity, with investors trading a total volume of 6.13 million shares.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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