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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Federal Bank has allotted 2,63,845 equity shares (face value Rs. 2 each) to option grantees who exercised their stock options. Of this, 2,000 shares were allotted under the ESOS 2010 Scheme and 2,61,845 shares under the ESOS 2017 Scheme, both on May 24, 2026. The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee after payment was received from the allottees. This is a routine corporate action as part of the bank's employee stock option schemes.
Minor share dilution for existing shareholders due to ~2.64 lakh new shares being issued. The impact on stock price is negligible given the relatively small number of shares compared to the company's total equity base.