Mumbai : Federal Bank Limited has announced the allotment of 177,242 equity shares to eligible employees following the exercise of stock options under the Bank’s Employee Stock Option Scheme (ESOS) 2017.
Each equity share has a face value of ₹2, and the allotment was carried out after receipt of full payment from the option holders. The issuance was approved by the Bank’s Nomination, Remuneration, Ethics, and Compensation Committee, in accordance with applicable regulatory requirements.
Employee-Centric Growth Strategy
The share allotment reflects Federal Bank’s continued focus on employee engagement and long-term value creation, aligning staff interests with the Bank’s performance and growth objectives. Employee stock ownership is a key element of the Bank’s strategy to retain talent and foster a performance-driven culture.
Regulatory Disclosure
The allotment has been formally recorded and disclosed to the stock exchanges, according to Samir P. Rajdev, Company Secretary of Federal Bank.
The disclosure was made to both the National Stock Exchange of India and BSE Limited, where the Bank’s equity shares are listed under the scrip symbols FEDERALBNK and 500469, respectively.
About Federal Bank
Founded in 1931, Federal Bank is one of India’s leading private sector banks, offering a comprehensive range of services including corporate banking, retail banking, treasury operations, and wealth management solutions.
Headquartered in Aluva, the Bank has a strong presence across the country and continues to expand its digital capabilities while maintaining a customer-centric approach to banking.