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Federal Bank informs about allotment of equity shares

23 May 2023 Evaluate
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 6,150 (Six thousand one 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 May 22, 2023; Allotment of 1,78,868 (One lakh seventy eight thousand and eight hundred sixty eight 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 May 22, 2023.

The above information is a part of company’s filings submitted to BSE.

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