The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Scheme
FEDERALBNK · price
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The Federal Bank has allotted 215,417 equity shares (Rs. 2 face value each) to employees who exercised their stock options. Of these, 3,250 shares were allotted under the ESOS 2010 Scheme and 212,167 shares under the ESOS 2017 Scheme, both on May 17, 2026. The allottees paid the required money to exercise their vested options. This is a routine corporate action related to the bank's employee stock option programme.
Minor equity dilution from employee stock option exercises. The relatively small number of shares compared to the bank's total outstanding shares means per-share impact is negligible. This signals employee confidence in the bank's performance as option holders are choosing to exercise their rights.