Federal Bank has informed that as approved by the Nomination, Remuneration, Ethics and Compensation Committee, the following allotment have been made after payment of money by the allottees: Allotment of 1,60,286 (One lakh sixty thousand and two hundred eighty six only) Equity Shares with face value of Rs 2each of the Bank to the Option Grantees upon exercise of stock options under ESOS 2017 Scheme on February 22, 2023.
The above information is a part of company’s filings submitted to BSE.