The Federal Bank Allots Equity Shares from Stock Option Schemes
The Federal Bank Limited has completed the allotment of equity shares following the exercise of stock options by grantees under several employee schemes. The allotments were made subsequent to payment of funds by the option grantees and received approval from the Nomination, Remuneration, Ethics and Compensation Committee.The bank allotted a total number of equity shares across four different Employee Stock Option Schemes (ESOS and ESIS). All shares have a face value of Rs. 2 each.
Details of the allotments made on June 30, 2026, are as follows:
- ESOS 2010 Scheme: A total of 3,500 equity shares were allotted to option grantees.
- ESOS 2017 Scheme: The allotment included 146,464 equity shares.
- ESOS 2023 Scheme: A total of 41,875 equity shares were allocated.
- ESIS 2023 Scheme: For this scheme, the bank allotted 48,955 equity shares to option grantees.
The completion of these allotments signifies the successful execution of shareholder options under various employee incentive programs managed by The Federal Bank Limited.
FEDERALBNK Stock Price Movement
As of 12:32 PM, shares of The Federal Bank Limited are rallying, currently trading at ₹328.20 after gaining 1.28% as buyers push the stock higher in live trading. The share price is maintaining strong momentum while testing levels near its 52-week high of ₹331.80 amid heavy intraday activity.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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