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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Federal Bank has allotted 62,111 equity shares with face value of Rs. 2/- each to employees who exercised their stock options under the ESOS 2017 Scheme. The allotment was made on April 20, 2026 after approval from the Nomination, Remuneration, Ethics and Compensation Committee and upon receipt of payment from the allottees. This is a routine corporate action under the bank's employee stock option scheme. The number of shares allotted is relatively small, resulting in minimal dilution for existing shareholders.
This is a routine ESOS exercise with negligible share dilution. The impact on the stock price or existing shareholders is expected to be minimal given the small number of shares (62,111) being allotted.