Federal Bank on Monday announced that the Nomination, Remuneration, Ethics, and Compensation Committee approved the allotment of 2,24,808 equity shares worth Rs 4,49,616 as stock options, through an exchange filing.
The allotment of 1,000 equity shares worth Rs 2 each will be allocated under the ESOS 2010 Scheme on January 22, 2023. While, 2,23,808 equity shares worth Rs 2 each will be allocated under the ESOS 2017 Scheme on January 22, 2023.
The Federal Bank on January 16, hiked the MCLR by 20 bps across loan tenures.
On Monday at 11:47 am the shares of Federal Bank were at Rs 135.70, up by 1.08 per cent.
(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )