Federal Bank has informed that as approved by the Nomination, Remuneration, Ethics and Compensation Committee, the following allotments have been made after payment of money by the allottees: Allotment of 1,250 (One thousand and two hundred fifty only) 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 March 13, 2023; Allotment of 1,25,433 (One lakh twenty-five thousand and four hundred thirty-three only) 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 March 13, 2023.
The above information is a part of company’s filings submitted to BSE.
