The Federal Bank Allots Equity Shares Following Exercise of Employee Stock Options
The Federal Bank Limited recently announced the allotment of equity shares to its option grantees following the successful exercise of stock options under the Employee Stock Option Scheme (ESOS). The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee of the bank.The company confirmed that the allotments were made after receiving payment from the allottees. Both transactions relate to the exercise of stock options on May 17, 2026.
The Federal Bank Limited detailed two separate tranches of share allotments: one under the ESOS 2010 Scheme and another under the ESOS 2017 Scheme.
The details of the share allotments are as follows:
| Scheme | Shares Allotted | Face Value Per Share | Allotment Date |
|---|---|---|---|
| ESOS 2010 Scheme | 3,250 (Three Thousand Two Hundred and Fifty) | Rs. 2/- | May 17, 2026 |
| ESOS 2017 Scheme | 2,12,167 (Two Lakh Twelve Thousand One Hundred and Sixty-Seven) | Rs. 2/- | May 17, 2026 |
The bank reported that the allotments were successfully completed following the option grantees exercising their stock options under both specified schemes.
FEDERALBNK Stock Price Movement
Shares of The Federal Bank Limited are edging higher to ₹282.5 as of 12:13 PM today, gaining 0.43% in live trading. The bank stock sees strong interest, trading on a volume of 2.52 million shares during the active market session.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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