The Federal Bank Allots Equity Shares Following Exercise of Employee Stock Option Schemes
The Federal Bank Limited announced the allotment of equity shares, following the exercise of stock options under various Employee Stock Option Schemes (ESOS). These allotments were made on June 24, 2026, covering three different ESOS programs.The bank allotted a total of over four lakh five hundred shares to option grantees after they completed the payment process associated with the share exercises. The equity shares carry a face value of Rs. 2/- each across all allotments.
Details regarding the allotment under the various schemes include:
| Scheme Year | Number of Equity Shares Allotted | Face Value per Share | Date of Allotment |
|---|---|---|---|
| ESOS 2010 | 4,500 | Rs. 2/- | June 24, 2026 |
| ESOS 2017 | 1,46,175 | Rs. 2/- | June 24, 2026 |
| ESOS 2023 | 3,00,000 | Rs. 2/- | June 24, 2026 |
The allotments were completed after the option grantees exercised their stock options and made the required payments to The Federal Bank Limited.
FEDERALBNK Stock Price Movement
As of 2:32 PM, shares of The Federal Bank Limited are rallying, climbing 1.53% in live trading and currently valued at ₹324.80. This strong performance sees the bank hit its 52-week high of ₹325.00, as the equity trades within a wide intraday range established by the low of ₹318.20.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.