The Federal Bank Limited Allots Equity Shares Following Employee Stock Option Exercise
The Federal Bank Limited announced significant equity share allotments following the exercise of stock options under its employee stock option schemes, as approved by the Nomination, Remuneration, Ethics and Compensation Committee. The allotments were completed on June 09, 2026, after the necessary funds were received from allottees.The bank allocated shares corresponding to two different employee stock option schemes: ESOS 2010 and ESOS 2017. Both allotments were executed against equity shares with a face value of Rs. 2/- each.
Under the ESOS 2010 Scheme, The Federal Bank allotted 2,625 Equity Shares to the Option Grantees upon exercising their stock options on June 09, 2026.
Additionally, pursuant to the ESOS 2017 Scheme, a larger allotment of 735,764 Equity Shares was made to Option Grantees after they exercised their stock options on the same day.
The details of the share allotments under both schemes are summarized below:
| Stock Option Scheme | Date of Allotment | Face Value per Share | Number of Equity Shares Allotted |
|---|---|---|---|
| ESOS 2010 | June 09, 2026 | Rs. 2/- | 2,625 |
| ESOS 2017 | June 09, 2026 | Rs. 2/- | 735,764 |
FEDERALBNK Stock Price Movement
The Federal Bank Limited shares surged today, climbing 3.64% to settle at ₹315.1 after the market closed for the day. The strong finish came amidst robust trading activity, as the stock pushed near its 52-week high amidst a session that saw significant buying interest.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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