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Federal Bank Issues 3.5L Shares for Employees
1 Jun
Summary
- Federal Bank has issued 3,54,171 equity shares of face value ₹2.
- Shares were allotted under ESOS 2010 and ESOS 2017 schemes on May 31, 2026.
- This allotment aims to incentivize and retain talented employees.
On May 31, 2026, Federal Bank completed the allotment of 3,54,171 equity shares, each valued at ₹2 face value. This significant issuance directly resulted from employees exercising their stock options.
The shares were distributed under two distinct schemes: 1,500 equity shares were issued under the ESOS 2010 Scheme, while a larger portion of 3,52,671 shares was allotted via the ESOS 2017 Scheme.
Both allotments received formal approval from the Nomination, Remuneration, Ethics and Compensation Committee. This action aligns with Federal Bank's strategy to enhance employee motivation and retention by incorporating stock options into its overall compensation framework.
