Federal Bank has informed that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 24,465 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 on 05.05.2021, for which allottees have paid money.
The above information is a part of company’s filings submitted to BSE.