Federal Bank allots equity shares under ESOS scheme

Federal Bank (BSE:FEDERALBNK) has approved the allotment of 69,321 equity shares to option grantees, according to a filing released on April 11, 2025. The allotment was made following the exercise of stock options under the company's ESOS 2017 scheme and after the due payment of money by the allottees. The shares have a face value of INR2 each. The decision was approved by the Nomination, Remuneration, Ethics and Compensation Committee.