The Federal Bank Allots Equity Shares to Option Grantees Under Employee Stock Schemes
The Federal Bank Limited announced the allotment of equity shares to its option grantees following the exercise of stock options under two separate Employee Stock Option Schemes (ESOS). The allotments were executed on May 24, 2026.The company reported that the share allotments were made subsequent to the payment of money by the respective allottees. The scheme details covered included the ESOS 2010 Scheme and the ESOS 2017 Scheme.
The details of the allocated equity shares are summarized below:
| Scheme | Allotment Date | Number of Shares Allotted | Face Value Per Share |
|---|---|---|---|
| ESOS 2010 Scheme | May 24, 2026 | 2,000 | Rs. 2 |
| ESOS 2017 Scheme | May 24, 2026 | 261,845 | Rs. 2 |
Under the ESOS 2010 Scheme, the Federal Bank allotted 2,000 equity shares, each having a face value of Rs. 2. For the ESOS 2017 Scheme, the bank allotted a significantly higher number of shares, totaling 261,845 equity shares, also carrying a face value of Rs. 2 per share.
These allotments reflect the successful exercise of stock options by the option grantees, reinforcing the bank's structure regarding its employee incentive programs.
FEDERALBNK Stock Price Movement
On Friday, The Federal Bank Limited shares edged higher to close at ₹287.2, gaining 1.06% from its previous close. The equity traded on a robust volume of 6.76 million shares, charting within a daily range of ₹283.2 to ₹288.4.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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