Federal Bank allots equity shares to employees as stock option

Federal Bank allots equity shares to employees as stock option

The allotment was approved by the Nomination, Remuneration, Ethics and Compensation Committee under ESOS 2010 and ESOS 2017.

FPJ Web DeskUpdated: Tuesday, May 23, 2023, 12:56 PM IST
article-image
Federal Bank allots equity shares to employees as stock option | File

Federal Bank Limited has announced the allotment of 1,85,018 equity shares to employee as stock option, through an exchange filing. The issue was approved by the Nomination, Remuneration, Ethics and Compensation Committee, and the following allotments have been made after payment of money by the allottees.

It has made an allotment of 6,150 Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees upon exercise of stock options ESOS 2010 Scheme. Addition to that, an allotment of 1,78,868 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.

Federal Bank Limited shares

The shares of Federal Bank Limited on Tuesday at 12:38 pm IST were at Rs 126.60, up by 0.32 per cent.

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Civil Aviation Minister Scindia Shows How Airfare Went Down On Route Affected By Go First Absence

Civil Aviation Minister Scindia Shows How Airfare Went Down On Route Affected By Go First Absence

From automobiles to healthcare, sectors where AI can start a revolution

From automobiles to healthcare, sectors where AI can start a revolution

More than 80% Indians Depositing ₹2,000 Notes Instead Of Exchanging Them

More than 80% Indians Depositing ₹2,000 Notes Instead Of Exchanging Them

Mumbai: CA Disappears Leaving Company Unable To Release Financial Results; Won't Answer Calls

Mumbai: CA Disappears Leaving Company Unable To Release Financial Results; Won't Answer Calls

Beyond Borders: Global Tracking Solutions for International Package Delivery

Beyond Borders: Global Tracking Solutions for International Package Delivery