Federal Bank allots 1,00,441 Equity Shares under Employee stock option

MUMBAI, May 26, 2025 – The Federal Bank Ltd. (NSE: FEDERALBNK, BSE: 500469) is utilising its Employee Stock Ownership Plan Scheme of 2017 to allot 1,00,441 equity shares with a face value of ₹2 each.

Federal Bank’s Nomination, Remuneration, Ethics and Compensation Committee approved the allotment of shares after the payment of consideration by the option grantees. One of the main motives behind the share allotment is to ensure that the bank can retain skilled employees.

With this allotment of shares, the paid-up equity capital of the bank will change accordingly after the listing and trading approvals from the stock exchanges.

About Federal Bank 

Federal Bank is an Indian private sector bank which has over 1400 branches and 1950 ATMs. The bank was established in 1949 and has a customer base of 19 million. The bank is headquartered in Aluva, Kerala.

REF” https://nsearchives.nseindia.com/corporate/FEDERALBNK_26052025122014_SEINTIMATION100441.pdf