Federal Bank Allots 1,17,680 Equity Shares To Employees As Stock Options

Federal Bank Allots 1,17,680 Equity Shares To Employees As Stock Options

The face value of the equity shares will be Rs 2 each.

FPJ Web DeskUpdated: Tuesday, June 27, 2023, 04:49 PM IST
article-image

Federal Bank on Tuesday allots 1,17,680 equity shares to employees as stock options approved by the Nomination, Remuneration, Ethics and Compensation Committee, the company announced through an exchange filing.

The allotment of 3,000 equity shares with face value of Rs 2 each of the bank to the option grantees upon exercise of stock options under ESOS 2010 Scheme and allotment of 1,14,680 equity shares with face value of Rs. 2 each of the Bank to the Option Grantees upon exercise of stock options under ESOS 2017 Scheme.

The face value of the equity shares will be Rs 2 each.

Federal Bank shares

The shares of Federal Bank on Tuesday at 3:30pm IST were at Rs 123.50, up by 1.81 percent.

RECENT STORIES

India’s Festive Season To Create Over 2.16 Lakh Jobs In H2 2025, Driven B Retail, E-commerce And...

India’s Festive Season To Create Over 2.16 Lakh Jobs In H2 2025, Driven B Retail, E-commerce And...

Gold Drops ₹500 Amid Stockist Selling, Silver Falls ₹1,000 Despite Global Gains

Gold Drops ₹500 Amid Stockist Selling, Silver Falls ₹1,000 Despite Global Gains

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To ₹1,140.6 Crore; Revenue Grows Marginally To...

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To ₹1,140.6 Crore; Revenue Grows Marginally To...

Govt Approves ₹20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Govt Approves ₹20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Telecom Operator MTNL Defaults On ₹8,585 Crore Loans to 7 PSU Banks

Telecom Operator MTNL Defaults On ₹8,585 Crore Loans to 7 PSU Banks