As approved by the Nomination, Remuneration, Ethics and Compensation Committee, Federal Bank has informed that the following allotments have been made after payment of money by the allottees: Allotment of 1,000 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 on January 22, 2023; Allotment of 2,23,808 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 on January 22, 2023.
The above information is a part of company’s filings submitted to BSE.
