Federal Bank has informed that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 1,562,459 Equity Shares with face value of Rs 2 each of the Bank to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.
The above information is a part of company’s filings submitted to BSE.