Federal bank allots equity shares under stock option scheme

Federal Bank (BSE:FEDERALBNK) has announced the allotment of 47,939 equity shares to its employees under the ESOS 2017, effective March 2, 2025. The allotment was approved by the Nomination, Remuneration, Ethics, and Compensation Committee, and the shares, each having a face value of Rs. 2/-, were issued upon the exercise of stock options by the eligible grantees. This allotment follows the necessary payment of money by the allottees. The announcement, addressed to both the National Stock Exchange of India and the BSE Limited, was made by Samir P Rajdev, Company Secretary of Federal Bank.