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Federal Bank Ltd. (India) ( (IN:FEDERALBNK) ) has provided an update.
Federal Bank Ltd. has announced the allotment of equity shares following the exercise of stock options under its Employee Stock Option Scheme. A total of 185,758 equity shares have been allotted, with 5,500 shares under the ESOS 2010 Scheme and 180,258 shares under the ESOS 2017 Scheme. This move reflects the bank’s commitment to rewarding its employees and could potentially enhance employee motivation and retention, thereby positively impacting the bank’s operations and market position.
More about Federal Bank Ltd. (India)
Federal Bank Ltd. is a prominent banking institution in India, offering a range of financial services and products. The bank focuses on providing comprehensive banking solutions to its customers, which includes retail and corporate banking services.
Average Trading Volume: 363,775
Technical Sentiment Signal: Buy
Current Market Cap: 596.5B INR
For detailed information about FEDERALBNK stock, go to TipRanks’ Stock Analysis page.